SoftBank Group—Vision Fund posted record $27.4 billion loss as tech portfolio valuations collapsed, with Son admitting he was 'embarrassed and ashamed'
In fiscal year ending March 31, 2022, SoftBank Vision Fund posted a record 3.5 trillion yen ($27.4 billion) loss as the valuation of its stock portfolio plummeted. The losses reflected failed bets on companies including WeWork, OneWeb, Wirecard, OYO Rooms, Katerra, and Greensill Capital. Son told investors in August 2022 he was 'embarrassed' and 'ashamed' about how he had run the Vision Fund, struggling to persuade investors of the value of his high-risk investment strategy.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.500 | ||
Score = avg(topic contributions) × significance (critical ×2) × confidence (0.50)× agency (negligent ×0.5)