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Apple-backed startup fund loses $8.9 billion in 3 months

[2019-11-06 14:15:04]

A $100 billion SoftBank Vision Fund that Apple invested in has published a quarterly loss of $8.9 billion. The fund backs promising (or seemingly promising) startups. SoftBank Group founder, chairman and CEO Masayoshi Son announced the disappointing returns today. “My investment judgment was poor,” Son said. Apple and Japanese telecom company SoftBank have a long ...

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