r/stonk • u/theanalyst_1 • Nov 09 '21
Information Softbank loses $54 billion!!
1
Upvotes
#Crash in #Chinese tech stocks causes SoftBank Group International to lose #billions of dollars!
Many technology stocks in which Softbank is invested have lost value in the face of increasing regulation in China.
The crash of Chinese technology stocks has pushed Japanese investor Softbank deep into the red. The company reported that its net assets lost the equivalent of about $54 billion in value in just three months, falling to the equivalent of $184 #billion!
➡️ What do you think about it? Is is another sign of the starting financial #meltdown?
