The SoftBank group lost $ 6.5 billion in the last quarter

Japanese investment conglomerate SoftBank lost $ 6.5 billion in the last quarter, mostly due to investments in the technology sector. Particularly important for SoftBank's balance sheet were large investments in Uber and WeWork. Uber, a company that became famous for its taxi service, reported losses of $ 1.2 billion in the last quarter on Tuesday and its shares reached the lowest value ever. WeWork, the US company that leases co-working spaces all over the world, was instead forced to a rescue operation after the failure of its listing on the stock exchange revealed major corporate structural problems. SoftBank, which had already invested heavily in WeWork, had to invest another 5 billion dollars to avoid the company's bankruptcy. In recent years, SoftBank has invested heavily in many technology startups hoping to make them profitable and return on investment: in many cases, however, things are turning out to be more complicated than expected.