Follow us on
Google News

Softbank added $13 Billion loss for 2019-2020 during COVID-19 pandemic

Team Tech Outlookhttps://www.thetechoutlook.com
Our aim is to showcase our love towards technology, but also love to post about Science,Web, Gadgets, Blogs, Interviews, reviews, and many more. Also we try to grow this tech community and help people in choosing the right Techies!

Must read

Goodbye WeTransfer as Indian Government Department of Telecommunication(DOT) Bans WeTransfer

The Department of Telecommunications (DoT) has prohibited the well-known record sharing site WeTransfer.com. The DoT has referred to national intrigue and open...

USA state Arizona taking Google to court

The US province of Arizona recorded a claim Wednesday blaming Google for submitting extortion by being beguiling about social event area information....

Amazon India sellers to get free COVID19 insurance

Amazon India reported that it is sans giving COVID-19 medical coverage to every one of its dealers in the nation. The protection...

Beware as Delhi and Mathura may be next for locust attack after Maharashtra

More pieces of India are under beetle assault now. The transient irritations have attacked eastern Maharashtra where four to five towns have...

SoftBank Group Corp on Monday announced a record working loss of 1.4 trillion yen ($13 billion) for the April-March monetary year as the estimation of its tech wagers by means of the $100-billion Vision Fund disintegrated.

The tech and telecoms aggregate’s terrible outcome, brought about by a 1.9 trillion misfortune at the Saudi Arabian-upheld finance, contrasted and a gathering working benefit of 2 trillion yen for the relating time frame a year sooner.

The store’s $75 billion interest in 88 new companies was worth $69.6 billion toward the finish of March, subsequent to booking misfortunes on US office space sharing firm WeWork and US ride hailing firm Uber Technologies Inc.

CEO Masayoshi Son’s technique of fronting colossal wholes of money and pushing for very quick development had just conveyed two back to back quarters of misfortunes at the reserve before being overturned by the coronavirus episode.

The intensely obliged SoftBank has utilized its wagers to flexibly additionally assets to its contributing juggernaut – a technique that is going under developing strain as valuations tumble.


Follow us on Google News

More From Tech

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

- Advertisement -

Latest article

Mitron app may be back on Google play store

Video-production application Mitron, which was struck recently may discover its place back on Google Play Store. The Play Store expelled the alleged...

Amazon in talks with Bharti Airtel to buy $2 billion stake

Amazon.com is in beginning time converses with purchase a stake worth at any rate $2 billion in portable administrator Bharti Airtel, three...

Fitbit Flow – Low-cost emergency ventilator from Fitbit

Fitbit has propelled a ventilator, Fitbit Flow, as a response to the moves looked by the clinical business to battle the COVID-19...

Gojek to get joint investments from Paypal and Facebook

Facebook and PayPal have put resources into the Indonesian ride-hailing and advanced payment startup Gojek, joining other tech monsters Tencent and Google,...

Cyber Leak In India as 1 Lakh National IDs Sold on the Dark Web

More than 1 lakh filtered duplicates of Indians' national IDs, including Aadhaar, PAN card, and visa, have been put on Dark web...