Global  

SoftBank Takes $10-Billion Hit

Video Credit: Wochit News - Duration: 00:42s - Published
SoftBank Takes $10-Billion Hit

SoftBank Takes $10-Billion Hit

On Tuesday, SoftBank stock took a hit.

SoftBank lost 7.7% over two days following reports that the conglomerate had been making huge and risky bets on tech stocks.

The losses have wiped roughly $10 billion off the market value of SoftBank.

SoftBank shored up its investment in Amazon, Microsoft, and Netflix.

The Wall Street Journal said that the options generated an exposure of about $50 billion.

The size of the bets means that SoftBank (SFTBF) CEO Masayoshi Son is now being called a "whale.


You Might Like


💡 One News Page Knowledge: Other News Mentions

SoftBank Group SoftBank Group Japanese conglomerate company

SoftBank introduces new restaurant robot to Japan [Video]

SoftBank introduces new restaurant robot to Japan

SoftBank's robotics arm said on Monday it will bring a food service robot developed by California-based Bear Robotics to Japan as restaurants grapple with labour shortages and a new socially distanced norm as a result of the novel coronavirus. Ciara Lee reports

Credit: Reuters Studio    Duration: 01:00Published
SoftBank sells Arm to Nvidia in $40 bln deal [Video]

SoftBank sells Arm to Nvidia in $40 bln deal

SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the semiconductor landscape. Libby Hogan reports.

Credit: Reuters Studio    Duration: 02:02Published
SoftBank Dives Into Tech Stocks [Video]

SoftBank Dives Into Tech Stocks

Japan's SoftBank Group Corp. bought $4 billion of shares in tech companies and another $4 billion of call options. Business Insider says the purchase is tied to roughly $50 billion in tech stocks, Regulatory filings showed Softbank's tech-stock buying activity. The filings did not show the options purchase. According to the Wall Street Journal Softbank sold the call options at a higher price.

Credit: Wochit News    Duration: 00:27Published

Masayoshi Son Masayoshi Son Japanese businessman


Microsoft Microsoft American technology company

Who is Google’s market power hurting?

Illustration by Alex Castro / The Verge

Yesterday, the Department of Justice and 11 states sued Google for violating antitrust law. The complaint..

The Verge

iOS 14 resets default email and browser apps after App Store updates

Photo by Amelia Holowaty Krales / The Verge

Apple continues to have trouble with its new default app settings in iOS 14 and iPadOS 14. After it was..

The Verge

How Google evolved from 'cuddly' startup to antitrust target

In Google's infancy, co-founders Larry Page and Sergey Brin reviled Microsoft as a technological bully that ruthlessly abused its dominance of the personal..
New Zealand Herald

Hands-on with Amazon’s Luna game streaming service

Amazon’s Luna streaming service has arrived, with the company rolling out early access to a limited set of customers today. It’s starting with a library of..
The Verge

Windows apps now run on Chromebooks with Parallels Desktop

Windows running on Chrome OS.

Google is bringing Windows app support to Chromebooks today through a partnership with Parallels. First announced..

The Verge

Amazon (company) Amazon (company) American technology and e-commerce company

Prime Day 2020 is over but these huge sales aren't: Where to get the best deals right now

Missed out on all the amazing sales from Amazon Prime Day 2020? Not to fret: You can still get great discounts at Macy's, Wayfair, Kohl's and more.

USATODAY.com

Amazon offers 1-hour pickup at Whole Foods stores across U.S.

Curbside pickup increasingly in demand as pandemic changes consumer behavior in ways that could prove permanent.
CBS News
Kendall and Kylie Jenner drop new clothing collection on Amazon [Video]

Kendall and Kylie Jenner drop new clothing collection on Amazon

Kendall Jenner and younger sister Kylie have released their new clothing collection on Amazon.

Credit: Cover Video STUDIO    Duration: 00:51Published

Pokémon Sword and Shield are $40 each at Amazon and Best Buy

Image: Nintendo / Game Freak

Pokémon Sword and Shield for the Nintendo Switch have somehow resisted much in the way of a major price drop since they..

The Verge

Amazon will allow corporate employees to work from home through June 2021

"We continue to prioritize the health of our employees and follow local government guidance," an Amazon spokeswoman said in an email to USA TODAY.

USATODAY.com

Netflix Netflix American media service company

'Cobra Kai' Brings in Big Viewership Numbers For Netflix | THR News [Video]

'Cobra Kai' Brings in Big Viewership Numbers For Netflix | THR News

'Cobra Kai' is bringing focus, form, and strong viewing numbers for Netflix. The series, which began streaming on Netflix in early September, is sitting pretty in the top spot.

Credit: The Hollywood Reporter    Duration: 01:56Published

Netflix has a not very ‘secret’ site showcasing the Mank soundtrack by Trent Reznor and Atticus Ross

Netflix

David Fincher’s new movie Mank comes out in just over a month, but if you want a sneak peek at the film, Netflix has a put out a (not so)..

The Verge

Is Netflix actually making the cultural equivalent of billion-dollar movies?

Netflix

Netflix executives love boasting about how many people are tuning into the streamer’s original movies and TV series, but co-CEO Ted Sarandos..

The Verge

Everything new on Netflix in November: 'The Crown' Season 4 to Shawn Mendes documentary

Netflix has plenty of holiday movies coming in November, and also new episodes of "The Crown," film "Hillbilly Elegy" and a Shawn Mendes documentary.

USATODAY.com
Armie Hammer stole his character's gold suit from 'Rebecca' set [Video]

Armie Hammer stole his character's gold suit from 'Rebecca' set

Armie Hammer became so attached to his character's gold suit that he took it home from the set of the new Netflix movie 'Rebecca.'

Credit: Cover Video STUDIO    Duration: 00:50Published

The Wall Street Journal The Wall Street Journal American business-focused daily broadsheet newspaper based in New York City

Streaming service Quibi scuttled after only six months

After only six months in operation, the much-vaunted $2.4 billion ($US1.8 billion) streaming service Quibi is calling it quits.According to the Wall Street..
New Zealand Herald

Quibi streaming service shutting down after less than 1 year

Quibi, the video-streaming service designed to revolve around smartphone screens, is no more, according to The Wall Street Journal. After launching only in April..
WorldNews

Quibi is shutting down

Illustration by Alex Castro / The Verge

Quibi — the shortform mobile-focused streaming service — is shutting down after just over six months of..

The Verge

Is Quibi done for?

Illustration by Grayson Blackmon / The Verge

Struggling streaming service Quibi’s days appear to be numbered. The mobile-centric platform, which..

The Verge
Quibi Considers Shutting Down [Video]

Quibi Considers Shutting Down

The Wall Street Journal is reporting that streaming service Quibi is considering shutting down. Quibi has struggled to gain a foothold in the streaming industry since its launch in April. Business Insider reports that Quibi has failed to attract viewers and none of its shows have become major hits. Last month WSJ reported that Quibi was exploring multiple options, including a possible sale. The company boasted Hewlett Packard Enterprises CEO Meg Whitman as its CEO.

Credit: Wochit News    Duration: 00:29Published

Tweets about this