Alibaba founder and Michael Jackson enthusiast, Jack Ma, is stepping down from his role on Softbank’s board just as the company is reporting the biggest losses in its history. The company announced that Ma is set to resign June 25, a departure that comes as Softbank continues to reel from its no good, very bad year from hell. Softbank on Monday reported an annual operating loss of 1.

Jack Ma Is Out as Softbank's Year From Hell Spirals Into Outright Disaster

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Gizmodo provides information and articles related to technology, design, and social trends. A SpokenEdition transforms written content into human-read audio you can listen to anywhere. It's perfect for times when you can't read - while driving, at the gym, doing chores, etc. Find more at www.spokenedition.com

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Jack Ma Is Out as Softbank's Year From Hell Spirals Into Outright Disaster

Jack Ma Is Out as Softbank's Year From Hell Spirals Into Outright Disaster