SoftBank’s Son admits mistakes after Vision Fund’s $8.9 billion loss

November 6, 2019 admin Business News Comments Off on SoftBank’s Son admits mistakes after Vision Fund’s $8.9 billion loss

SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a blind eye to problems at startup WeWork.

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Source:: Reuters – Business News