SoftBank Records a $21.68 Billion Quarterly Loss on its SoftBank Vision Fund
Posted on 08/09/2022
Japan-based SoftBank Group Corporation posted a 3.16 trillion yen (US$ 23.4 billion) quarterly net loss (its largest ever). SoftBank was impacted by a global equity sell-off of tech stocks, which killed valuations. The SoftBank Vision Fund, which had substantial financial support from Mubadala Investment Company and Saudi Arabia’s Public Investment Fund (PIF), posted a massive…
