SoftBank Vision Fund Posts Record $27 Billion Loss as Tech Stocks Plummet

📆 12/05/2022 21.53.00
📰 nbcchicago

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SoftBank Founder Masayoshi Son said the company would be more “conservative when it comes to the pace of new investments” as it goes into a “defense” position.

SoftBank's Vision Fund posted a 3.5 trillion yen loss , the biggest loss since the investment fund began in 2017.

SoftBank Founder Masayoshi Son said the company would be more"conservative when it comes to the pace of new investments" as it goes into a"defense" position.on Thursday reported a record loss at its Vision Fund investment unit, as technology stocks have been hammered by rising interest rates and Beijing's regulatory crackdown has hurt its China holdings.

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