SoftBank Group Corp

SoftBank Vision Fund posts a $21.6 billion quarterly loss

SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro Takahash | Bloomberg | Getty ImagesSoftBank posted one of its biggest losses at its Vision Fund investment unit for …

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Klarna valuation plunges 85% as ‘buy now, pay later’ hype fades

Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K.Jakub Porzycki | NurPhoto | Getty ImagesKlarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and “buy now, pay later” lenders.The Swedish …

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