Masayoshi Son’s rough week is capped by Elliott selling SoftBank stake

In a stretch of difficult years, Masayoshi Son has had a particularly rough week.

Just eight days after SoftBank Group Corp. reported a record loss for the last quarter, its shares fell after a report that hedge fund Elliott Management Corp. has sold off almost all of its position in the Japanese conglomerate. SoftBank’s stock is off almost 50% from its peak last year.