AP: SoftBank racks up losses as Vision Fund investments plunge

MARKETWATCH (via AP) reports:
TOKYO (Associated Press) — Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.
SoftBank 9984, +1.02% , founded in 1981, said Monday the drop in share prices around the world from the fallout of the coronavirus pandemic had slammed the value …

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Source: The Loadstar

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