SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

TOKYO (Reuters) - SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies . The Japanese investment giant recorded an operating loss of 704 billion yen ($6.46 billion) in the July-September quarter. SoftBank recorded an operating profit of 706 billion yen in the same period a year earlier. The loss compared with an operating loss of 48 billion..