SoftBank leads the way in losing money on tech bets
Shortly after the revelation of FTX’s collapse last week, the name SoftBank appeared among the first backers of the struggling cryptocurrency exchange. Inevitably, maybe. The Japanese tech conglomerate, its insiders say, will fully write down its FTX investment by around $100 million: Horrifying but, when placed against the more dramatic $10 billion investment loss that …
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