Masayoshi Son’s SoftBank Group always enters when the market is hot and then loses heavily when the tide ebbs . While many of Son’s investments have failed, the SoftBank founder has had some big successes over the years, so he has cash to spend and reason to expect another big success not far away. Two of SoftBank’s giant startup-focused funds lost $27 billion in the fiscal year ended March 31, and were expected to report losses in the billions earlier this month. The two funds have invested more than $135 billion in startups since 2017, according to SoftBank’s announcement.
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