SoftBank’s Vision Fund losses have consumed nearly all of its historical gains – TechCrunch

Earnings season is slowing down, with America’s biggest tech companies reporting second-quarter results. But often, the most interesting results don’t come from your Amazons or Apples, but from smaller concerns — and even those that aren’t traditional tech companies. SoftBank for example.

Today, Japan’s corporation and startup investment powerhouse income statement that’s more than a little bleak. SoftBank’s quarterly loss, worth about 3.2 trillion yen ($24.5 billion), was the largest in history, leading the company to post the following image: Investor’s presentation:

Image credits: SoftBank investor presentation

They say that a picture is worth a thousand words. So what happened? How did SoftBank lose so much money? The Vision Fund, its two-part effort to invest more than $100 billion to work in private companies. Let’s see what caused the damage.

The exchange explores startups, markets and money.

Read it every morning on TechCrunch + or get Exchange Newsletter every Saturday.

But before we do, it should be noted that the Vision Fund has has gone through a period of transformation. After the failure of the WeWork IPO, it became a bit more difficult for companies, with Profit becomes the keyword of its world. But that doesn’t mean SoftBank has stopped pouring capital into its operations – nor is it immune from changing market conditions. Let’s take a look.

Subscribe to TechCrunch +

Source link


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button
Immediate Peak