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Masayoshi Son’s Rough Week Is Capped by Elliott Selling SoftBank

  • A record $23 billion loss last week means drastic cuts ahead
  • SoftBank shares have dropped almost 50% from their peak
Updated on

In a stretch of difficult years, Masayoshi Son has had a particularly rough week. 

Just eight days after SoftBank Group Corp. reported a record loss for the last quarter, its shares fell after a report that hedge fund Elliott Management Corp. has sold off almost all of its position in the Japanese conglomerate. SoftBank’s stock is off almost 50% from its peak last year.