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SoftBank's Vision Funds show improvement, but $6.2 bln loss hits hard

SoftBank's Vision Funds show improvement, but $6.2 bln loss hits hard

CointimeCointime2023/11/10 07:39
By:Cointime

SoftBank's Vision Funds have recorded a second quarter of gains, according to the company's finance chief, Yoshimitsu Goto. However, SoftBank's Q3 losses of $6.2bn, including further writedowns on WeWork and currency fluctuations, sent the company's shares down 9%. SoftBank's CEO, Masayoshi Son, is reportedly looking to target new investments.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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