among a technology bear market, the industry is rushing to position itself as somehow improving — what venture-capital firm Sequoia Capital called a “crucial moment” last month. But there may be little defense for SoftBank.
SoftBank’s Vision Fund For the fiscal year ended March 31, there was a loss of about $27 billion. The investment firm attributed those losses to the poor performance of its public companies to regulatory developments in the US and China. Chief Executive Masayoshi Son has clarified that he expects current market uncertainty to persist for the foreseeable future, with geopolitical risk being a major compounding factor.