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Softbank reports $6.4bn Q3 loss-November 6, 2019 |
Earlier today, Arm’s owner SoftBank reported a $6.4 billion loss for Q3 as a result of re-valuations of its investments in its Vision Fund.
The value of 25 Vision Fund companies was marked down.
“There was a problem with my own judgment, that’s something I have to reflect on,” said Softbank CEO Masayoshi Son (pictured).