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SoftBank’s Quarterly Profit Drops as Stock Market Woes Continue

By Juro Osawa
· · Source: The Information

SoftBank Group said its net profit for the quarter through December dropped 98% from a year earlier when its profit got a boost from a global stock market rally. A drop in the shares of Alibaba, one of SoftBank’s most valuable holdings, hurt the net value of the Japanese tech investor’s assets. Over the past year, SoftBank has been hit hard by declines in the share prices of some of its key...

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How Stitch Fix Fumbled a Make-or-Break Pivot
By Malique Morris · May 16, 2022 6:05 AM PDT
Elizabeth Spaulding, CEO of Stitch Fix. Photo by Bloomberg.
Stitch Fix planned to revive sales growth by turning its original strategy on its head. Inside the company, there were warning signs that the effort would struggle. The retailer, which is best known for sending customers five-piece boxes of clothes and accessories picked out by stylists, hoped to broaden its appeal by using algorithms to recommend items for people to buy directly online. But a...
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