SoftBank faces record loss as Masayoshi Son’s bets tumble again

Posted on by superadmin | 700 Views | 4 min read
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaking in Tokyo during a virtual earnings announcement, in Naha, Japan, on Tuesday, Feb. 8. | BLOOMBERG

Billionaire Masayoshi Son is poised to set another record — and not the good kind. When he reports earnings for the March quarter Thursday, SoftBank Group Corp.’s Vision Fund investment unit may have lost more money in one quarter than it ever has before. The world’s largest tech fund is estimated to have lost about

SoftBank cuts back spending, leaving startups desperate for cash

Posted on by superadmin | 592 Views | 18 min read
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., during a virtual earnings announcement in February | BLOOMBERG

SoftBank Group Corp.-backed Light is struggling to raise funds after the world’s largest tech investor balked at putting more money into the startup, people familiar with the matter said. SoftBank owns about 30% of Light through its first Vision Fund, which led an injection of $121 million (¥15.4 billion) into the advanced camera developer in

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