SoftBank's Vision Fund Not Feeling So Good, Will Take Nearly $17 Billion Hit Amid Pandemic gizmodo.com

According to the Wall Street Journal, that likely means its investments are worth le ss now than when it launched with $100 billion in funding in 2017.
Uber’s Chinese counterpart Didi Chuxing, which is also backed by the fund, is also doing poorly.
He added that the Vision Fund “will have to choose its best investments to support” as the global economy enters what is anticipated to be a protracted, painful recovery from the pandemic .
AdvertisementUnder Son’s leadership, the Vision Fund pushed companies to aggressively expand and poured billions towards growth at all costs.
As of February, efforts by SoftBank to start a second, $108 billion fund were collapsing, with around half that money reportedly raised; prospects for that followup seem even dimmer now.