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by shubik22
1042 days ago
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Yep, very odd, my guess would be this was sent to the reporter by their comms contact at Softbank and they literally copy/pasted it. For context, here’s the full paragraph. The positive framing (“a GAIN”, and “significantly less…”) makes me think this came from someone spinning on Softbank’s behalf. > For your piece, the Vision Funds actually posted a GAIN for the quarter of $0.8 billion, including shared assets such as its ARM holdings. Stripping out shared assets, SoftBank’s Vision Fund 1 and 2 and its Latin American fund together posted a quarterly investment loss of 13 billion yen ($91 million) — significantly less than the 2,919 billion yen loss a year ago ($20 billion). |
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