Archive: vision fund

2022 has not been kind to SoftBank CEO Masayoshi Son. He’s calling it a “technology winter.” And the numbers are certainly chilling for Son. SoftBank’s Vision Fund lost 2.64 trillion yen ($20.5 billion) for the year ending March 31.  The previous year, it had made a profit. The same holdings that drove that profit are now punishing SoftBank’s bottom line. Shares for South Korean e-commerce giant Coupang dropped 60% in the first quarter. Chinese ride-hailing pioneer…

SoftBank Is No Longer Getting a Pass

By Andy Gordon on January 8, 2020

SoftBank has a history of writing big checks for flawed startups. And it doesn’t seem to have learned its lesson.