SoftBank Group reported a 99% drop in 3rd-quarter profits today, but here’s why the stock has risen 14% this week: by skleb1234
and almost ran out of cash to fund its business. Uber stock, on the other hand, lost almost 25% of its value in 2019 after going public in May, though shares have since recovered.SoftBank’s ongoing discussions with Elliott Management.
Both sides have said they want to keep the engagement friendly, and dialogue between the two sides has. Founded in 1977 by billionaire Paul Singer—a famed activist investor and veteran of numerous proxy battles, Elliott is pushing for stock buybacks and improved corporate governance in an effort to boost SoftBank’s lagging share price. SoftBank is one of the hedge fund’s
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