SoftBank Group Corp. stated revenue collapsed in the last 3 months of 2019, as the Japanese innovation giant– under pressure from a significant activist financier– drifted the possibility of paring back its aspirations for a planned sequel to the $100 billion Vision Fund.
The business on Wednesday said operating profit fell 99%to ¥ 2.6 billion ($236 million) for the quarter ended Dec. 31 versus the previous year. The sharp drop was mostly credited to continued weak point of the Vision Fund, which was hit by a fall in the share cost …
%%.
source https://jobsearchtips.net/softbank-ceo-masayoshi-boy-sees-turnaround-even-as-vision-fund-takes-more-hits/
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