Global marketsUpdated 5h ago

SoftBank reports a $7 billion Q2 loss.

Bloomberg describes SoftBank’s $7 billion net loss as its first in nearly two years. There’s a concrete detail behind part of that total: Axios reports a $3.7 billion write-down on U.S. data-center equipment contributed to the loss. The write-down isn’t the whole $7 billion, but it gives the quarter’s red ink a specific shape: equipment for data centers took a multibillion-dollar hit.

2 publishers2 reports

Coverage started Yesterday