Friday, 24 March, 2023

SoftBank's Q2 Earnings Sees Drop in Tech Stocks

<p>After two terrible quarters that have shook Masayoshi Son&#39;s tech conglomerate, SoftBank Group Corp. is anticipated to experience further weakness in tech stocks in its second-quarter earnings report on Friday. As valuations dropped, the investing arm of Vision Fund reported $50 billion in losses in the six months that ended in June. Founder and CEO Son has taken action to reduce staff and refocus the second fund on overseeing its current portfolio.<br /> &nbsp;</p>