SoftBank reports a loss of $6.5B, its first quarterly operating loss in 14 years, and a loss of $8.9B in the Vision Fund, including a charge of $4.6B for WeWork
SoftBank Group Corp. reported its first quarterly operating loss in 14 years after writing down the value of some of its marquee investments …
Bloomberg Pavel Alpeyev
Related Coverage
- SoftBank Founder Calls His Judgment ‘Really Bad’ After $4.7 Billion WeWork Loss Wall Street Journal
- SoftBank suffers larger than expected $6.4bn loss in Q2 Nikkei Asian Review
- Japan's SoftBank tumbles into losses over costly investments Associated Press
- Quick Notes From SoftBank's Uber-And-WeWork-Dinged Earnings Crunchbase News · Alex Wilhelm
- SoftBank's Son admits turning ‘blind eye’ to WeWork lapses Financial Times · Kana Inagaki
- SoftBank Notches a $6.5 Billion Loss on Plunging WeWork and Uber Valuations Fortune
- WeWork Write-Off Triggers $6.5B Loss For SoftBank PYMNTS.com
- WeWork woes push SoftBank to £5bn loss Telegraph · Matthew Field
- SoftBank posts $6.4bn loss after WeWork chaos and Uber woes Silicon Republic · Colm Gorey
- WeWork valuation marked down to $7.8B Seeking Alpha · Yoel Minkoff
- SoftBank Reveals $6.5 Billion Loss From Uber, WeWork Turmoil Slashdot · Msmash
- SoftBank's Son Defiant as WeWork Mess Triggers $6.5 Billion Loss Bloomberg
- SoftBank's Masa Son has been humbled but he's not beaten yet CNN · Sherisse Pham
- Billionaire Ray Dalio Criticizes Venture Capitalists Who ‘Push Money’ Onto Startups That Don't Need It Fortune
- ‘My investment judgment was poor,’ SoftBank's Son says after Vision Fund's $8.9 billion loss CNBC
- Here's How SoftBank Says It'll Fix WeWork and Turn It Profitable Bloomberg
- SoftBank takes $9 billion hit from Uber, WeWork and other tech investments CNN · Sherisse Pham
Discussion
-
@tculpan
Tim Culpan
on x
SoftBank numbers are out. They're horrendous: 2Q operating loss: 703.3 Bln Yen 2Q Vision Fund loss: 970.4 Bln Yen One-time WeWork writedown: 497.7 Bln Yen (Note: even without WeWork, the Vision Fund was down a heap)
-
@grainnemcc
Grinne McCarthy
on x
“My own investment judgment was really bad. I regret it in many ways,” says SoftBank CEO Masayoshi Son. On WeWork's co-founder Adam Neumann: “I shut my eyes to a lot of his negative aspects.” https://www.wsj.com/... via @WSJ
-
@ellehardy
Elle Hardy
on x
***Officially now enjoying the decline and fall of WeWork more than that of Theranos*** https://www.bloomberg.com/...
-
@jrhennessy
Henno
on x
you wouldn't want to be the guy putting together that spreadsheet the night before the earnings call https://twitter.com/...
-
@wsj
@wsj
on x
SoftBank founder Masayoshi Son says of WeWork co-founder Adam Neumann: ‘I shut my eyes to a lot of his negative aspects’ https://www.wsj.com/...
-
@carnage4life
Dare Obasanjo
on x
Someone once told me that the real challenge with being a VC is that it takes years to figure out if you're any good at it. I guess in this case 14 years. Ouch. https://www.bloomberg.com/...
-
@scottmaustin
Scott Austin
on x
A moment of regret for Softbank's normally confident leader Masayoshi Son: “My own investment judgment was really bad. I regret it in many ways.” About WeWork and Adam Neumann: “I shut my eyes to a lot of his negative aspects.” https://www.wsj.com/...
-
@eliotwb
Eliot Brown
on x
Reminder that Masa Son committed $4.4 B to WeWork after a ~12 min tour with Adam Neumann and subsequent meeting in a car http://wsj.com/... pic.twitter.com/HBnQ3SuifV