SoftBank profit wiped out by Vision Fund losses as second fund is scaled back

The fund recorded an $8.9 billion operating 'loss.' The apostrophes are there because there are not paper losses, this is all assumed value through investments. But the fact that SoftBank itself is deeming the value to have depressed so significantly is obviously terrible news for the fund, and plans for a second, follow-up fund. But, at the same time, it's hardly a surprise given recent news.