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SoftBank Posts $18B Loss As Jack Ma Exits Board

May 18, 2020
softbank, vision fund, jack ma, alibaba, we work, uber, losses, earning, news
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SoftBank Posts $18B Loss As Jack Ma Exits Board

May 18, 2020
Japanese multinational conglomerate SoftBank Group posted a record-breaking $18 billion operating loss right after Alibaba co-founder Jack Ma announced he was stepping down from the board, according to a company announcement on Monday morning (May 18). In the fiscal year ending March 31, SoftBank posted an annual operating loss of $12.7 billion, its first annual […]