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SoftBank Group Corp.

SoftBank shares extend their surge, pop more than 15% on earnings beat

by Ev Richard
SoftBank shares extend their surge, pop more than 15% on earnings beat

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, …

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Categories Technology

SoftBank nets $16 billion on Arm earnings, exceeding losses in WeWork

by Ev Richard
SoftBank nets  billion on Arm earnings, exceeding losses in WeWork

Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank, which owns Arm, speaks during a news conference in Tokyo, July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images …

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Categories Technology

SoftBank leads $104 million investment in travel startup TravelPerk

by Monica Lozano
SoftBank leads 4 million investment in travel startup TravelPerk

TravelPerk CEO and co-founder Avi Meir. TravelPerk Barcelona-based startup TravelPerk, which helps automate corporate travel and expenses, has raised $104 million in fresh funding from Japanese tech investing giant SoftBank …

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Categories Travel

How Arm gained chip dominance with Apple, Nvidia, Amazon and Qualcomm

by Ev Richard
How Arm gained chip dominance with Apple, Nvidia, Amazon and Qualcomm

Behind the scenes of every chipmaker, there’s a set of instructions that dictates how their products will function. Over the last three decades, Arm has become the dominant company making …

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Categories Technology

SoftBank earnings Q2 FY 2023

by Ev Richard
SoftBank earnings Q2 FY 2023

SoftBank Founder Masayoshi Son is pictured here in 2019 during an earnings presentation. Tomohiro Ohsumi | Getty Images SoftBank posted an investment gain on its Vision Fund in the fiscal …

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Categories Technology

Klarna sets up UK holding company in move toward IPO

by Ev Richard
Klarna sets up UK holding company in move toward IPO

“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Buy now, pay later firm Klarna has established a holding company …

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Categories Technology

SoftBank-backed Improbable slashes losses by 85% after metaverse pivot

by Ev Richard
SoftBank-backed Improbable slashes losses by 85% after metaverse pivot

Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Virtual reality startup …

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Categories Technology

ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here’s why

by Ev Richard
ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here’s why

Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan …

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Categories Technology

Arm China ‘doing well,’ CEO says, as Son reduces China exposure

by Ev Richard
Arm China ‘doing well,’ CEO says, as Son reduces China exposure

You can watch David Faber’s interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on CNBC Pro. Arm’s China subsidiary is “doing well” with strong potential in data …

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Categories Technology

Cramer calls Arm IPO a ‘goldilocks outcome’

by Adrian Jhonsan
Cramer calls Arm IPO a ‘goldilocks outcome’

CNBC’s Jim Cramer on Thursday gave his take on Arm Holdings‘ initial public offering, saying the semiconductor designer’s market debut went as well as could be expected. “I think this …

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