Rakuten quarterly profit almost wiped out as investment weighs, Lyft stake slides
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TOKYO (Reuters) - Rakuten Inc's quarterly operating profit was almost wiped out in the three months ended September as investment in its e-commerce and mobile units weighed on profits, with the value of its bet on ride-hailing firm Lyft also sliding further.Rakuten's billionaire founder and Chief Executive Hiroshi Mikitani is under pressure on multiple fronts as a slide in his tech bets compounds pain from squeezed margins at the firm's e-commerce business and a delay to its mobile market..