SoftBank’s shares plunged more than 7% on Monday wiping out roughly $8 billion in value

SoftBank’s shares dove over 7% on Monday, clearing out generally $8 billion in esteem, as investors responded to reports that the company has been making monstrous wagers on significant tech stocks. The organization’s outsized part in Silicon Valley has been very much archived for quite a long time as it moved its concentration away from telecommunications and toward vital investments in conspicuous innovation businesses including Uber and WeWork through its $100 billion Vision Fund.

However, weekend reports propose that Masayoshi Son has directed his concentration toward Wall Street wagers on America’s heaviest hitters, subsequent to raising billions from offloading resources as of late. The organization purchased generally $4 billion worth of options attached to fundamental shares it had before bought in tech firms like Amazon, Microsoft and Netflix. Refering to mysterious sources, the paper said that the options created a presentation of about $50 billion.