Press Release

WeWork-backer SoftBank posts record $20 billion loss as tech stocks plunge

$400 billion crypto sell-off worsens as bitcoin slumps 10% Trouble at a major “stablecoin” called TerraUSD, combined with interest rate rise fears, has sparked “extreme fear across the crypto market” T he world’s biggest technology investor has lost a record $20.5 billion (£16.8 billion) as its bets turn sour. Japan’s SoftBank blamed the loss at its investment […]