• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

SoftBank’s Vision Fund continues to post losses amid Tech Market downturn

by Indrajeet Giram
February 7, 2023
in Markets
Reading Time: 2 mins read
0
SoftBank's Vision Fund Continues to Post Losses Amid Tech Market Downturn

SoftBank's Vision Fund Continues to Post Losses Amid Tech Market Downturn

TwitterWhatsappLinkedin

SoftBank Vision Fund, one of the world’s most significant technology investment funds, has reported another quarterly loss as the technology sector continues to struggle. According to CNBC, the fund posted a loss of $17.7 billion in the quarter ending December 2022.

You might also like

Jeff Bezos-Backed Methane Satellite Goes Dark After Revealing Startling Emission Levels

Linda Yaccarino Steps Down as X CEO Amid Platform’s Tumultuous Transition

Federal Court Strikes Down FTC’s ‘Click to Cancel’ Rule Designed to Simplify Subscription Cancellations

The loss is a significant blow to the fund, which has faced challenges in the tech sector in recent months. The tech slump has hit the fund hard, with the value of its investments declining as market conditions have become increasingly challenging. The Vision Fund’s investments in high-profile companies such as WeWork, Uber, and Slack have all struggled, leading to the decline in value.

 

SoftBank's Vision Fund Continues to Post Losses Amid Tech Market Downturn
source: finance.yahoo.com

 

Despite the loss, SoftBank CEO Masayoshi Son remains optimistic about the fund’s future. In a statement, he said that the company is confident that its investments will recover in the long term and that the Vision Fund will continue to play a significant role in shaping the future of technology.

Son also noted that the company is continuing to make new investments and is committed to supporting the technology sector’s growth. He stated that the Vision Fund is focused on investing in innovative companies that solve the world’s most pressing problems. The fund is well-positioned to capitalise on the opportunities presented by the rapidly evolving technology landscape.

The Vision Fund’s latest loss is a stark reminder of the challenges facing the technology sector and highlights the need for investors to be cautious when investing in tech companies. Despite the challenges, the tech sector continues to offer significant opportunities for growth and innovation, and the Vision Fund is well-placed to capitalise on these opportunities in the coming years.

In which companies has the SoftBank Group invested?

SoftBank Group, the parent company of the Vision Fund, has invested in various technology companies across multiple industries. Some of the high-profile companies in which SoftBank has invested include:

  • Ride-hailing companies such as Uber and Didi Chuxing
  • Co-working space provider WeWork
  • Food delivery company DoorDash
  • Mobile gaming company ByteDance, the parent company of TikTok
  • Virtual reality company Improbable
  • Home security company ADT
  • Automated farming company Plenty

These are just a few examples of the many companies SoftBank has invested in. The Vision Fund has a reputation for making significant, bold investments in companies that have the potential to change the world and disrupt traditional industries. Despite recent losses, SoftBank continues to be an active investor in the tech sector and is committed to supporting the growth of innovative companies.

Tags: #advancetechnology#crypto investorsDigital disruptiongrowthInvestmentsoft banksoft bank vision fun dstartup
Tweet54SendShare15
Previous Post

Citroen CEO says EV world will be dominated by small and lightweight cars

Next Post

Japanese video game maker Nintendo Co Ltd said on Tuesday it plans to lift workers’ base pay by 10%

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Jeff Bezos-Backed Methane Satellite Goes Dark After Revealing Startling Emission Levels

by Harikrishnan A
July 10, 2025
0
Jeff Bezos-Backed Methane Satellite Goes Dark After Revealing Startling Emission Levels

A satellite designed to track methane emissions from space—backed by a $100 million grant from Jeff Bezos' Earth Fund—has been declared likely lost after unexpectedly falling silent. The...

Read more

Linda Yaccarino Steps Down as X CEO Amid Platform’s Tumultuous Transition

by Harikrishnan A
July 10, 2025
0
Linda Yaccarino Steps Down as X CEO Amid Platform’s Tumultuous Transition

Linda Yaccarino has stepped down as CEO of X, the social media platform formerly known as Twitter. Her resignation, announced on Wednesday through a post on the platform,...

Read more

Federal Court Strikes Down FTC’s ‘Click to Cancel’ Rule Designed to Simplify Subscription Cancellations

by Harikrishnan A
July 9, 2025 - Updated On July 10, 2025
0
Federal Court Strikes Down FTC’s ‘Click to Cancel’ Rule Designed to Simplify Subscription Cancellations

A federal appeals court has blocked a key rule from the Federal Trade Commission (FTC) that would have required businesses to make it easier for consumers to cancel...

Read more
Next Post
Japanese video game maker Nintendo Co Ltd said on Tuesday it plans to lift workers’ base pay by 10%

Japanese video game maker Nintendo Co Ltd said on Tuesday it plans to lift workers’ base pay by 10%

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?