SoftBank posts record $23 billion loss on Vision Fund pain

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.SoftBank founder and CEO Masayoshi Son has already pledged to tighten investing criteria and preserve cash to ride out the downturn and on Monday he signaled cuts to headcount at the Vision Fund, saying there were no “sacred areas.””The world is in great confusion,” Son told a briefing after the release of the results, remarking on the tech sell-off. But he acknowledged the company had invested in more

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