SoftBank's Son admits mistakes after Vision Fund's $8.9 billion loss
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TOKYO (Reuters) - SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion (£6.9 billion) hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a blind eye to problems at startup WeWork.The scale of the loss shows the risks in Son's strategy of splashing out big on cash-burning startups. It has also cast a pall on his efforts to raise a second massive fund.WeWork's spectacular flame-out this year has..