What cost-cutting measures did SoftBank commit to, and why are they important?
SoftBank CEO Son Pledges Sweeping Cost Cuts After $23.4 Billion Loss
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The transcript discusses SoftBank's financial difficulties, including significant markdowns of assets and the announcement of additional share buybacks. Analysts have reacted negatively, citing a lack of turnaround signs and continued valuation declines. SoftBank plans to sell assets to improve its balance sheet, with details to be closely monitored.
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What were the analysts' expectations regarding SoftBank's valuation in the near term?
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