Category: Vignettes

SoftBank recently unveiled a $23 billion quarterly net loss, its biggest ever, as a market sell-off upended tech stocks and shredded valuations at its sprawling Vision Fund unit. The pain in the April-June quarter comes fresh after the closely watched Vision Fund posted a record $26 billion loss in May, when rising interest rates and political instability disrupted global markets, and could test investor willingness to stomach further big losses.