HomeStock MarketSoftBank stock drops 12%, its worst intraday decline since 2020.

SoftBank stock drops 12%, its worst intraday decline since 2020.

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By lapaasindia
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  • The shares of SoftBank dropped 12% on Monday, the largest one-day decline since COVID-19’s early 2020 outbreak.
  • The decline came after SoftBank disclosed investment losses of almost $9 billion at its Vision Fund division in the three months ending in July.
  • Nevertheless, SoftBank announced a net profit of more than $21 billion, the company’s first in three quarters.

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