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SoftBank Revises Forecast, Predicts Wider Loss on WeWork

By
Wayne Ma
· · Source: The Information

SoftBank revised its earnings forecast for the fiscal year ending in March, saying its net loss will be 900 billion yen ($8.45 billion), which is 150 billion yen more than previously expected. The Japanese tech conglomerate, which had provided a forecast earlier this month, said the wider loss is attributed to deteriorating conditions at WeWork, the office-sharing firm hit hard by the Covid-19...

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