SoftBank expected to lose $16.7 billion as value of tech startups collapses

Japan’s SoftBank warned that it expected to post its first operating loss in 15 years because of a collapse in the value of its flagship tech investments. The company said it expected an operating loss of 1.35 trillion yen ($12.5 billion) in its fiscal year through March 31, 2020. That compares with an operating profit […]