SoftBank stepped in to bail WeWork, now its profit plunges 50%

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SoftBank stepped in to bail WeWork, now its profit plunges 50%
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In the 3-month period ending Sept 30, operating losses hit a whopping US$6.4 bil. FMTNews

In the 3-month period ending Sept 30, SoftBank’s operating losses hit a whopping US$6.4 bil.

Net profit in the six months to September sank 49.8% to 421.6 billion yen on an operating loss of 15.6 billion yen. SoftBank’s flamboyant founder Masayoshi Son has faced renewed scrutiny of his investment acumen in the wake of WeWork’s dramatic fall from grace.

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