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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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