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SoftBank reports $6.2bn loss due to WeWork bankruptcy

Thursday 9th November 2023/

SoftBank has shocked investment analysts with a $6.2bn net loss for the second quarter of 2023, as the bankruptcy of its largest portfolio company, WeWork, weighed heavily on its performance.

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The Financial Herald is a UK-based financial news site that publishes news, market commentary and opinion pieces on cryptocurrencies, altcoins, ICOs and presales. The Financial Herald also covers major economic announcements across the UK and abroad.

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