SoftBank shares fell 3.68% in Tokyo after the company reported a record loss of $32 billion at its Vision Fund tech investment unit. The Vision Fund segment reported a loss of $5.28 trillion on investments for the fiscal year ending Mar. 31. SoftBank’s $100 billion Vision Fund invested in high-profile tech firms, but bets like WeWork turned sour. Launched in 2017 by SoftBank founder Masayoshi Son, the Vision Fund disrupted the tech investing world.
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SoftBank's Vision Fund Tech Unit Records $32B Loss, Shares Drop
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SoftBank shares fell 3.68% in Tokyo after the company reported a record loss of $32 billion at its Vision Fund tech investment unit.
Author
Susan Jane
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CNBC
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