SoftBank CEO Son Pledges Sweeping Cost Cuts After $23.4 Billion Loss

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.

What cost-cutting measures did SoftBank commit to, and why are they important?

What were the analysts' expectations regarding SoftBank's valuation in the near term?