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SoftBank's Vision Funds Report Historic US$ 27 Billion Loss
While the unraveling of ARK (and its flagship fund ARKK in particular) have come to epitomize the unraveling of the pandemic-era tech boom, Cathie Wood and company are rank amatures compared with Masa Son and SoftBank, who have seen their portfolio of rising tech firms hammered by the trifecta of global economic contagion: Rising rates in the US, China's COVID-inspired lockdowns (and before that, Beijing's crackdown on Chinese tech) and the fighting in Ukraine (and the inflationary hellscape that rising oil and food prices have unleashed). We noted back in March that SoftBank's portfolio had seen $25 billion ... (full story)