SoftBank’s Vision Fund Not Feeling So Good, Will Take Nearly $17 Billion Hit Amid Pandemic
Japanese investment titan SoftBank disclosed on Monday that it expects to take up to a $16.7 billion loss for the past year in its Vision Fund, a key backer of huge, growth-at-all-costs tech firms like WeWork and Uber. According to the Wall Street Journal, that likely means its investments are worth less now than when…
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