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Technology

SoftBank's Son stays bullish despite record $6.4bn loss

Billionaire investor says turning around WeWork's losses will be 'easy'

SoftBank CEO Masayoshi Son presents the company's second-quarter earnings on Nov. 6. (Photo by Ken Kobayashi)

TOKYO — SoftBank Group CEO Masayoshi Son said Wednesday he made a "poor" decision investing in U.S. office sharing company WeWork at a $47 billion valuation, which led to the worst financial performance in the company's history.

Son nevertheless defended the $100 billion Vision Fund’s track record and said SoftBank’s shareholder value was at a record high, in a bullish show of confidence in his group’s overall strategy.

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