SoftBank is warning that it will fall deeper into the red, just two weeks after it shocked investors by forecasting a record annual loss.
Tokyo
The Japanese company on Thursday widened its forecast for a net loss in the year ended in March from 750 billion to 900 billion yen . The firm said it expects to lose 700 billion yen on a portion of its investment in the troubled coworking provider WeWork that it holds outside of its $100 billion Vision Fund.SoftBank warns of historic loss as value of tech startups collapsesEarlier this month, SoftBank said it would post a record annual operating loss of 1.
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