Almost no one attended a panel that included Masayoshi Son, CEO of SoftBank Corp, at Saudi Arabia's Future Investment Initiative conference Wednesday,Son's chilly reception at the conference likely reflects declining interest in the second iteration of SoftBank's Vision Fund.
The first Vision Fund has run into trouble in 2019 as top investments WeWork and Uber have struggled. It's a stark difference from Son's reception at the conference two years ago, according to Bloomberg. A panel including Masayoshi Son, the CEO of SoftBank, drew almost no attendees at Saudi Arabia's Future Investment Initiative, dubbed "Davos in the desert," according toSon's chilly reception at the conference likely reflects declining interest in the second iteration of SoftBank's Vision Fund.
The first Vision Fund reportedly lost as much as $600 million due to Uber's struggling stock performance,
Probably they were afraid Masa would ask them to empty their pockets