SoftBank just reported an $8.9 billion loss, its first quarterly loss in 14 years. The hit was in the company’s $100 billion Vision Fund and related in large part due to the terrible performance of one of its largest portfolio companies, WeWork. In addition to the loss of $8.9 billion, SoftBank had to throw a lifeline of $10 billion to WeWork in an effort to save the office-sharing startup from imploding. WeWork is not the only tech investment that is not working for Son. If things get worse for SoftBank’s holdings, as well as other unicorn tech companies unrelated to Son, how many other people will lose their jobs?

Source: Forbes November 06, 2019 15:58 UTC