SoftBank’s Fake Startup “Valuations” Come Unglued

by Wolf Richter, Wolf Street: But those paper gains were fun while they lasted. The numbers are huge: SoftBank Group said that it would book a loss of $16.7 billion (¥1.8 trillion) at its Vision Fund for its fiscal year ended March 31, stemming “from a decrease in the fair value of investments due to […]