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Analysis-Rakuten's mobile misadventure: from ambitious plan to millstone

When Japan's Rakuten launched a mobile service network in 2020, the e-commerce and fintech giant promised to disrupt the world's third-largest telecoms market. By any measure, cash-bleeding Rakuten Mobile is deeply troubled. A too-quick rollout earned Rakuten a reputation for spotty coverage it is still trying to repair.
Hiroshi Mickey Mikitani Mitsunobu Tsuruo David Dolan Edwina Gibbs Amir Anvarzadeh Softbank Group Paypay
Source: yahoo.com

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SoftBank books $5.2 billion quarterly loss as investments and weak yen bite

TOKYO (Reuters) -SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in the red, as the Japanese giant took a hit from the bankruptcy of the once high-flying WeWork and wrote down the value of tech investments. It was a fresh reminder of the volatility inherent in founder Masayoshi Son's strategy of betting big on often risky start-ups. WeWork sought U.S. bankruptcy protection on Monday, cementing the remarkable fall of a start-up that had once bee...
David Dolan Vision Fund Its Vision Fund Softbank Group On Softbank Group Vision Funds
Source: yahoo.com

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