Reported about 22 hours ago
SoftBank's CEO Masayoshi Son expressed that the company's partnership with Saudi Arabia's Crown Prince Mohammed Bin Salman has not yielded sufficient returns, stating he still owes him. This admission came during a panel at the FII Institute conference in Miami Beach, where Son reflected on his venture capital strategies that have resulted in significant losses, particularly within the Vision Fund. He acknowledged his misjudgments on several investments and the challenges faced as the fund has transitioned focus amidst substantial financial reporting losses.
Source: YAHOO