SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork [CNNMoney.com]
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Source: CNNMoney.com
SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork Tokyo (CNN Business) SoftBank is warning that it will fall deeper into the red , just two weeks after it shocked investors by forecasting a record annual loss. The Japanese company on Thursday widened its forecast for a net loss in the year ended in March from 750 billion to 900 billion yen ($7 billion to $8.4 billion). The firm said it expects to lose 700 billion yen ($6.6 billion) on a portion of its investment in the troubled coworking provider WeWork that it holds outside of its $100 billion Vision Fund. SoftBank warns of historic loss as value of tech startups collapses Earlier this month, SoftBank said it would post a record annual operating loss of 1.35 trillion yen ($12.6 billion) — the worst in at least 20 years, according to the data provider Refinitiv — as bets in the Vision Fund turned sour. The company said Thursday that forecast remains unchanged. Shares of SoftBank
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UBER
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UBER
Earnings
- 11/4/25 - Beat
UBER
Sec Filings
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- UBER's page on the SEC website