The telecom firm-turned-investment behemoth posted a net loss of $23.4 billion after interest rate hikes tanked tech shares
A SoftBank Corp. store in Yokohama, Japan, on Sunday, Aug. 7, 2022. SoftBank Group faces another tough quarterly earnings report, as global concerns over higher interest rates and economic recession batter the valuations of its investments. Image: Takaaki Iwabu / Getty Images