SoftBank Vision Fund records $18 billion operating loss, portfolio slides underwater
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TOKYO (Reuters) - Japan's SoftBank Group Corp on Monday reported an annual 1.9 trillion yen (14.66 billion pounds) operating loss at its gargantuan Vision Fund, as its tech bets slid below cost, pushing the group to its largest-ever loss.The fund's $75 billion investment in 88 startups were worth $69.6 billion at the end of March after booking losses of almost $10 billion at office space sharing firm WeWork and ride hailing firm Uber Technologies Inc alone.The disastrous result left the..