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Softbank

Softbank

  • Published on: Jun 15, 2020

SoftBank Group Corp. Vision Fund business lost USD 17.7 Billion last fiscal year after writing down the value of investments, including WeWork and Uber. SoftBank’s Masayoshi Son has gone from being a visionary identifying startups with great potential like Alibaba to the point where he’s questioned about his judgment. With the fund having poured Billions of dollars into money-losing companies like WeWork, Uber and Oyo, Son and his cohorts have been left without a return on their giant investments.