The Startup
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The Startup

Blasting 10,000 Jobs Into Oblivion

Softbank’s portfolio performance leaves many investors wanting for more prudency

Photo by Samson on Unsplash

“You need to stop losing money now—or else.”

That is along the lines of what Softbank CEO Masayoshi Son said to the founders of the businesses he tossed billions in. In a meeting at Langham resort, Son gathered business leaders from Softbank’s…

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