VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Tech investor with a loss of 23 billion euros

admin by admin
August 8, 2022
in IT news
0
Tech investor with a loss of 23 billion euros
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

Masayoshi Son

Softbank founder Masayoshi Son has promised to invest more selectively and hold more money in the future.

(Photo: Reuters)

Tokyo The crisis of technology stocks with a slump in valuations has pushed Japanese major investor Softbank deep into the red. From April to June, a loss of 3.16 trillion yen (the equivalent of almost 23 billion euros) was incurred, the group announced on Monday. In the same period of the previous year, a profit of around EUR 5.5 billion was still on the balance sheet.

The Vision Funds that dominate the business activities alone, which are involved in the car service provider Didi, the online retailer Coupang, the Uber competitor Grab and Alibaba, among others, came to a loss of more than 21 billion euros in the three months. This was also due to the downturn of the AI start-up Sensetime and the robot company Autostore.

The world-famous Softbank founder Masayoshi Son has already promised to invest more selectively and hold more money in the future due to the downturn in tech values due to higher inflation, political uncertainties and economic weakness.

Among the start-ups privately funded by the Vision Fund, which include the delivery service Blinkit and the travel platforms Oyo and Getyourguide, Son has made a devaluation of more than eight billion dollars.

Top Jobs of the day

Find the best jobs now and
be notified by e-mail.

However, experts assume that these do not yet reflect the current tech weakness. Softbank competitor Tiger Global is also struggling with major problems.

Softbank is now also betting on an early IPO of the British chip designer Arm, which is likely to flush billions into the treasury. The Japanese are also Deutsche Telekom’s second-largest shareholder after the federal Government. The Bonn-based company wants to buy out the majority of the capital in the US mobile operator T-Mobile US and Softbank, which is why they want to buy out further shares in the company.

More: Softbank apparently suspends UK ARM IPO

Previous Post

EA has some of its games running in virtual reality

Next Post

Haptic glove made in Spain

admin

admin

Related Posts

ChatGPT gets paid version with subscription model
IT news

ChatGPT gets paid version with subscription model

February 2, 2023
When is the HOT SALE 2023 in Mexico?
IT news

When is the HOT SALE 2023 in Mexico?

January 31, 2023
Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…
IT news

Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

January 25, 2023
Next Post

Haptic glove made in Spain

Premium Content

Cmoar is delayed and shows its virtual cinema

Cmoar is delayed and shows its virtual cinema

June 16, 2022
iPhone battery indicator in percent

iPhone battery indicator in percent

February 19, 2022
Capital letters on your iPhone or iPad

Capital letters on your iPhone or iPad

January 29, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • ChatGPT gets paid version with subscription model
  • When is the HOT SALE 2023 in Mexico?
  • The advantages of dedicated servers: cost, performance, security

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?