The post Why Is SoftBank Stock Crashing Today? appeared first on Coinpedia Fintech News
SoftBank shares fell as much as 10.5% in Tokyo after reporting a quarterly loss of ¥1.12 trillion ($7 billion). The decline was mainly driven by a $3.7 billion writedown on US data center power equipment advances following changes to project plans. Financing costs of ¥462 billion added further pressure on its results. Despite the loss, …