SoftBank loses $12 billion in value on concerns over its big U.S. tech bets

loses $12 billion SoftBank

  • Shares of SoftBank fell another 3% by Wednesday’s close, extending losses from earlier in the week.
  • The company reportedly bought billions of dollars in call options in major tech names like Tesla and Amazon.
  • SoftBank’s big U.S. tech bets came as a surprise to investors, highlighting a shift in strategy similar to a hedge fund.

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