Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fueling concern with the company's second-biggest shareholder
SoftBank's new tech-focused trading unit is already down $3.7 billion. The company's second-largest shareholder is now stepping in to offset the losses.
SB Northstar, the unit led by SoftBank CEO Masayoshi Son that trades the daily moves of tech stocks, revealed its losses for the first time on Wednesday, the Financial Times reported. The arm was kept in the shadows until the FT revealed it was the "Nasdaq whale" trading billions of dollars worth ...