SoftBank Plunges After Vision Fund Loss and WeWork Collapse
- Tech investor still bleeding from valuation declines
- Continued losses hurt Masayoshi Son’s hunt for new AI deals
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SoftBank Group Corp.’s shares tumbled after its flagship Vision Fund reported another loss with the drop in valuations at WeWork Inc. and other portfolio companies on top of foreign exchange losses.
Shares fell as much as 9.3% on Friday, the most in a year.