Softbank reports $6.4bn Q3 loss

The value of 25 Vision Fund companies was marked down.

“There was a problem with my own judgment, that’s something I have to reflect on,” said Softbank CEO Masayoshi Son (pictured).

The big hits to the fund’s value came from the collapse in value of Uber and WeWork.

However Softbank said the combined value of the 88 companies in the fund – $77.6 billion – was still $6.9 billion more than they’d cost.

However it doesn’t bode well for the attempt to raise a second Vision Fund.