The ¥198,000 robot was a project Masayoshi Son once personally championed as a symbol of his conglomerate’s ambitions in AI and technology.
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The New-York based company helps online content creators and brands promote their offerings across platforms like Instagram and YouTube, taking a share of revenue in return.
Investors are skittish about whether SoftBank will keep buying back its own stock after completing a ¥2.5 trillion allotment for repurchases.
Uber's food delivery business has surged during the pandemic, making up for losses suffered by its ride-hailing service.
The Tokyo-based company’s stock gained more than 3% to ¥7,244, the highest level since March of 2000 in the midst of the dot-com boom.
For Masayoshi Son, creating such a vehicle may give him a new way to invest in nascent companies while tapping the surging public markets for money.
Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.
The firm’s position has injected a jolt of uncertainty into the market, with questions about exposure and plans for future trading.
Cuts in Japan by the online hotel operator come as it adapts to a much smaller tourism industry in the wake of the coronavirus pandemic.
Founder Masayoshi Son has made a career out of confounding his doubters, and analysts see plenty of upside to his company's share price despite all its recent troubles.