Rakuten’s stock experienced a significant decline on Wednesday, falling as much as 12% – its largest intraday drop in over a year. The plunge was triggered by reported losses within the company’s mobile division, fueling anxieties amongst investors. This downturn signals concern about the financial health and future performance of Rakuten’s mobile business. Analysts suggest increased competition and high infrastructure costs are impacting profitability. The substantial share drop highlights investor sensitivity to Rakuten’s mobile strategy and its ability to achieve sustainable growth in the sector. The company is now facing pressure to demonstrate a clear path towards profitability in its mobile operations to regain investor confidence.