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SoftBank Stocks Rise Over 4% As CEO Announces $100 Billion Investment With Trump Administration

If you’ve been following the stock market in recent days you may already be familiar with SoftBank, a multinational internet services and investment firm operating out of Japan. The business has received a ton of press since Monday morning after CEO Masayoshi Son announced a proposed $100 billion in investments over the next four calendar years. This plan, which was developed in collaboration with the incoming Trump administration , is projected to create 100,000 new jobs within the United States, particularly in artificial intelligence and similar internet-based infrastructure. Per the Wall Street Journal , SoftBank’s stock (SFTBY) received a massive bump in the day following the announcement, accounting for a 4.4 percent rise in the Japanese market and a 1.3 percent rise on the New York Stock Exchange . To better understand exactly what this means for our country, infrastructure and the stock market of today, we’ll have to take a moment to examine SoftBank’s business model and...

Dec 18, 2024

SoftBank-Founded Opportunity Fund Appoints Dr. Paul Judge As Chairman, Launches Fund 2

There is an endless pool of diverse talent seeking opportunities to thrive, which means SoftBank Group (SoftBank) is taking no breaks in its commitment to provide access to Black- and Latinx-led startups.

May 18, 2023