, Columnist
Masa Son Desperately Needs That Second $100 Billion
If SoftBank earnings told us anything, it’s that the company is reliant on a second Vision Fund to prop up valuations and produce fees.
What goes up.
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SoftBank Group Corp. Chairman Masayoshi Son is in the kind of pickle that even Jamie Dimon can’t get him out of.
Earnings for the September quarter show just how badly his Vision Fund is performing, and accelerate the need to raise a second incarnation just to keep the money flowing through SoftBank’s books.