Softbank

softbank-loses-$12-billion-in-value-on-concerns-over-its-big-us.-tech-bets

SoftBank loses $12 billion in value on concerns over its big U.S. tech bets

SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images LONDON — SoftBank shares extended their losses on Wednesday, wiping out over $12 billion in market value this week, amid jitters over the Japanese conglomerate’s latest tech investing strategy.

softbank-identified-as-the-'nasdaq-whale'-that-bought-billions-in-stock-options,-betting-on-higher-prices-for-the-biggest-names-in-tech

Softbank identified as the 'Nasdaq whale' that bought billions in stock options, betting on higher prices for the biggest names in tech

SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Japan’s SoftBank was reportedly the “Nasdaq whale,” that bought  billions of dollars in individual stock options in big tech companies over the past month, driving up volumes and

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