Quarterly earnings were virtually wiped out, according to SoftBank Group.
The Japanese investment giant made a profit of just $ 24 million in the third quarter.
That is a fraction of the same period a year ago.
Profits were wiped out by a loss of just over $ 2 billion in the flagship Vision Fund, which invests in technology companies.
The results of Wednesday (February 12th) cast a deeper shadow on the founder Masayoshi Son.
Investors were already wondering if they should put money into his next company, Vision Fund 2.
It had previously attracted over $ 100 billion in commitments.
But Son's reputation had already hit the WeWork debacle.
The US office sharing company – a big SoftBank bet – had to be saved after an unsuccessful IPO.
Now Son says that the company has gone around the corner and points to a price recovery of some investments.
However, he also admitted to reducing Vision Fund 2, which has currently not attracted any external investments.
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