SoftBank Loses $5.9 Billion in 2022 Q4 as Son Skips Earnings Call
SoftBank's Vision Fund unit has lost money for four straight quarters and has far underperformed peers. - Kiyoshi Ota
Technology

SoftBank Loses $5.9 Billion in 2022 Q4 as Son Skips Earnings Call

The Japanese group’s cumulative performance across the two Vision Funds and Latin American funds went from a gain of $66 billion to a loss of $6.6 billion

SoftBank Group Corp.’s first earnings report without founder Masayoshi Son went a lot like those he presided over the past few years: The Japanese conglomerate lost billions of dollars on failed startup bets.

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