The Japanese … Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter, it said Wednesday, as investments in start-ups such as WeWork and Uber took a massive hit. … In 2017, SoftBank announced the Vision Fund: the world's largest private equity fund with a capital of $93 billion. Softbank’s biggest investment has been its backing of Jack Ma’s Alibaba. So it came as no surprise that it turned to India’s biggest e-commerce platform and decided to mark its territory there. ... SoftBank has also been unable to secure further cash from the Vision Fund’s big backers like Saudi Arabia’s sovereign wealth fund due to poor performance. The coronavirus is claiming some of SoftBank’s “unicorns” as casualties — and its billionaire CEO used a fantasy-driven slide presentation to illustrate the problem. Or at least according to SoftBank’s slide deck for its 2019 results, released Monday morning. The companies that Son described as golden eggs are not founded by Softbank. SoftBank CEO Masayoshi Son, the man overseeing the $100 billion Vision Fund, has something of a reputation for wild pitch decks. WeWork released its own 49-slide deck for investors, back last month when it was looking at debt financing as a way out of its money issues, detailing its plans to resuscitate itself. SoftBank CEO Masayoshi Son's presentation includes pictures of horses falling into the 'Valley of Coronavirus' and a unicorn flying. It only funds them. This is where SoftBank comes in. Stocks To … Zeta, a startup that helps banks and fintech firms launch products, is the newest to attain the coveted unicorn status after closing a financing round. Today we’re digging into SoftBank’s latest earnings slides. The unicorn enjoys a strong backing from Masayoshi Son-led Soft-Bank and New York-based investment fund Tiger Global. He showed a slide where cartoon unicorns were falling down a hole as a lone winged unicorn flew to safety on the other side. SoftBank Corp. (OTCPK:SOBKY) Full Year 2021 Earnings Conference Call May 11, 2021 3:00 AM ET Company Participants Junichi Miyakawa – … Next Slide How Foreign Investors Gave a New Life to These 10 Indian Unicorns If you’re a tech unicorn, though, you needn’t worry. SoftBank is a Japanese multinational conglomerate that owns a massive stake in companies like Alibaba, Yahoo Japan, Uber, Slack, Compass, among many, many others. In 2010, he famously laid out a 300-year vision over a … Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. SoftBank's famous flying unicorn slide from May 2020 SoftBank. The following slide deck was published by SoftBank Group Corp. ... Fintech unicorn Klarna close to securing funding valuing it at $40B - reports.
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