SoftBank Needs a New Strategy www.wsj.com

SoftBank’s record loss shows that throwing cash at startups isn’t much of a strategy.
With the money tree almost bare, it will soon have to come up with a new approach.
The Japanese technology conglomerate said Monday it expected to report a record operating loss for the fiscal year through March.
The $100 billion Vision Fund, in which Softbank accounts for around a third of the committed capital, bears much of the responsibility, with investment losses of $17 billion for the fiscal year caused by the plunging value of its...