Softbank Vision Fund suffered a ~$6b loss in Q4 on valuation writedowns. https://www.cnbc.com/... ‘[It] made just $2.76b in new & follow-on investments in the nine months to Dec. 31, a “significant reduction” from $39.24b in 2021.’ Cataclysmic drop! First is a good slide though. …
The Vision Fund lost $5 billion because of a drop in startup valuations. Coupang and GoTo Group were among the public companies that hurt. CFO Yoshimitsu Goto did his best to step in for Son, who founded the company four decades ago.
Masayoshi Son skipped SoftBank's earnings call for the first time, but the results were familiar. Softbank lost another $5.9 million as its portfolio of startups crumpled. via @leeminjeong83 https://www.bloomberg.com/...