SoftBank’s Son Defiant as WeWork Triggers $6.5 Billion Loss
- ‘There is no change in our journey,’ or vision, CEO says
- Fundraising for second Vision Fund is on track, Son says
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Masayoshi Son struck a defiant tone after his SoftBank Group Corp. reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies Inc.
The Japanese billionaire paced a stage in Tokyo on Wednesday showing off dozens of slides that he argued demonstrate the promise of his deal-making. He began by flashing a slide of newspaper headlines and mocking reports that SoftBank or WeWork or both would end up going bankrupt.