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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 fu
by shubik22 3y ago
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).