SoftBank has reported another loss in its second quarter, which it attributes to its investment and financial support for WeWork, which recently filed for chapter 11 bankruptcy. The company’s losses in WeWork now amount to a staggering $14.3 billion. Despite this setback, SoftBank’s CFO, Yoshi Mitsu Goo, highlighted the positives, including $29 billion worth of assets in its portfolio that could potentially be cashed in soon. He also mentioned potential investments in TikTok parent company, ByteDance, and Fanatics.
However, SoftBank’s largest holding, Arm, has been losing value in the public market, leading to questions about its potential profitability. While Arm’s percentage in the portfolio has increased, it is unlikely to replicate the success of Alibaba, which has seen significant returns over the years. Nonetheless, Soft.