SoftBank expects $24 billion in losses from Vision Fund, WeWork and OneWeb investments
The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company WeWork and satellite telecommunications company OneWeb.
Ultimately, the company expects the losses to help generate a $7 billion total loss for the technology giant for the year as its ambitious bets on early-stage companies come up short.
Over the past two years SoftBank and its founder Masayoshi Sonhave staked
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