**Losses**: Rakuten’s 15th Straight Quarter Loss Sends Shares Diving 4%
Tokyo, Japan – Japanese technology conglomerate Rakuten Group saw its shares tumble by 4% on Wednesday following the announcement of its 15th consecutive quarter of losses. The company reported a net loss for the January to March quarter, marking an operating loss of 25.4 billion yen. Rakuten’s mobile business experienced a smaller operating loss of 71.9 billion yen compared to the previous year, thanks to cost-cutting measures and increased subscription growth. However, the company’s financial …