SoftBank Group said its net profit for the quarter through December soared to 1.17 trillion yen ($11 billion), from 55 billion yen a year earlier, thanks to investment gains at its Vision Fund. The $100 billion Vision Fund and its smaller successor Vision Fund 2 generated 1.39 trillion yen in investment gains in the quarter, as the share prices of Uber and other publicly listed tech companies...
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Snap’s Weak Q4 Projection Signals Sharp Slowdown in Ad Market
Advertisers are hitting the brakes—hard. That’s the message today from Snap, the first of the digital ad companies to report third-quarter earnings. A combination of Apple’s ad-targeting clampdown and knock-on effects from supply shortages are expected to sharply slow fourth-quarter ad growth, Snap executives warned. It was a sobering portent for Facebook, Alphabet and all other media firms...
Brex Said to Raise Funding at $12.3 Billion Valuation
Intel Blames Chip Shortage for Q3 Sales Miss
Snap Reports Slowdown in Revenue Growth and Projects Bigger Slowdown in Q4
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