Softbank share price rally delivers Masayoshi Son’s clear response to critics after WeWork disaster

Softbank share price rally delivers Masayoshi Son’s clear response to critics after WeWork disaster

The Japanese technology giant’s shares have more than doubled from their March low, propelled by buybacks and improving market conditions for its portfolio companies. "The share price can still double", said Richard Kaye, Japan equity analyst and portfolio manager at Comgest Asset Management, which holds a $60 million stake in SoftBank. After backing hundreds of startups during the dot-com boom, Son lost a record $70 billion as almost all those companies failed, leaving SoftBank’s future in doubt.

Read more at 
The Financial Express

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