Masayoshi Son wants investors to believe that a record loss from investments in money-losing startups WeWork and Uber Technologies is just a bump in the road – but some aren't buying it.
SoftBank Group's shares fell as much as 4.2 per cent in Tokyo trading on Thursday, the biggest intraday decline in about six weeks. The Japanese conglomerate recorded an operating loss of 704.4 billion yen ($9.4 billion) after writedowns in WeWork and other investments, its first such loss in 14 years and the biggest quarterly shortfall ever. The $US100 billion ($145.6 billion) Vision Fund, the unprecedented investment fund that had been producing big profits, lost 970.3 billion yen.
