SoftBank posts unexpected $3.3bn loss; Vision Fund unit records profit


Content Team
Image Credit: money control

SoftBank's Vision Fund investment arm reported a gain of just over $1 billion in the June quarter, marking a return to profitability after five quarters. This gain is attributed to the increased valuations of high-growth tech companies that SoftBank favors. However, the parent company still reported a $3.3 billion loss for the third consecutive quarter.