The trouble at SoftBank
After purchasing billions in US stocks this year, SoftBank was revealed as the ‘Nasdaq whale’. Following the firing of three key members, are things still going swimmingly?
- Words by: Tom Ward
After purchasing billions in US stocks this year, SoftBank was revealed as the ‘Nasdaq whale’. Following the firing of three key members, are things still going swimmingly?
After purchasing billions in US stocks this year, SoftBank was revealed as the ‘Nasdaq whale’. Following the firing of three key members, are things still going swimmingly?
It’s been an interesting few months for SoftBank, the Japanese conglomerate that owns stakes in Boston Dynamics and Uber alongside more established entities such as Amazon and Alphabet Inc. It started in September when SoftBank was revealed as the ‘Nasdaq Whale’ after hoovering up billions of dollars worth of big tech stocks – a development which the FT described as an “aggressive move into the options market [that] marks a new chapter for the investment powerhouse”.
It’s been an interesting few months for SoftBank, the Japanese conglomerate that owns stakes in Boston Dynamics and Uber alongside more established entities such as Amazon and Alphabet Inc. It started in September when SoftBank was revealed as the ‘Nasdaq Whale’ after hoovering up billions of dollars worth of big tech stocks – a development which the FT described as an “aggressive move into the options market [that] marks a new chapter for the investment powerhouse”.
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