SoftBank loses $16b in market value as Uber's shares sink

SoftBank loses $16b in market value as Uber's shares sink

REUTERS/Toru Hanai

In the months leading up to Uber Technologies Inc.’s market debut, Masayoshi Son made a habit of pointing out that SoftBank Group Corp. is the world’s largest investor in ride-hailing companies. Suddenly, it doesn’t seem like such an enviable position.

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