Home Blockchain News $100 Billion Softbank Fund Flops After CEO Exposes Monster Bitcoin Loss

$100 Billion Softbank Fund Flops After CEO Exposes Monster Bitcoin Loss

by Rss Feed from web
387 views
cryptocurrency news feed

By CCN: Just months ago, Japanese tech behemoth Softbank was on top of the world, and CEO Masayoshi Son added $5 billion to his net worth following a well-timed stock buyback program. But fortunes have turned for Softbank and Mr. Son. Softbank stock has slumped nearly 20 percent since its April highs, its Uber investment is looking shaky, and new fundraising efforts are failing. Meanwhile, Mr. Son revealed his monstrous losses from a disastrous bitcoin bet. Softbank Founder Suffers Bitcoin Blues In April CCN reported on Son’s brief but regrettable investment in bitcoin, writing that: “It is not known

The post $100 Billion Softbank Fund Flops After CEO Exposes Monster Bitcoin Loss appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment