Son loses US$25bil in tech’s brutal winter

Desperate move: A pedestrian walking past a signage outside the SoftBank headquarters in Tokyo. In the latest sign that SoftBank is strapped for cash, its Vision Fund sold US$1bil of shares in e-commerce giant Coupang at a discount last week. — AFP

TOKYO: Masayoshi Son, SoftBank Group Corp’s billionaire founder, checks the chart. Then again. Another time. And once more for good measure.

Lately it’s only moved in one direction: Up.