scorecardresearchSoftBank posts $17 billion Vision Fund loss in first quarter

SoftBank posts $17 billion Vision Fund loss in first quarter

Updated: 08 Aug 2022, 12:04 PM IST
TL;DR.
SoftBank had booked a record loss at the Vision Fund unit in May as market turmoil driven by rising interest rates and political instability hit the tech investor.
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo  GLOBAL BUSINESS WEEK AHEAD

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo GLOBAL BUSINESS WEEK AHEAD