Son said: "There [is a lot of] media coverage here and there, especially in the past two months. 'SoftBank may go bankrupt. Vision Fund is a big negative. Uber is in terrible share price after the IPO. WeWork may go bankrupt. And SoftBank is actually putting further money into this company so that it can go bankrupt altogether so that all the aggressive investment activity has been failed.' Such coverage... In a sense, it may be true."
"My judgment in investment was not right in many ways, so I regret [that] in many ways," he said.
Its combined loss on its WeWork shares was $8.2 billion across the Vision Fund and SoftBank Group.
SoftBank's aggressive approach to valuations has raised eyebrows. WeWork, for example, was valued at $47 billion at its peak. And one of SoftBank's executives once said the office-sharing firm could be worth $100 billion.
According to SoftBank's financials, it's actually now worth around $8 billion.
One Twitter user, described the slide thus: "Masa is a goddamn comic genius... this gold from from his latest deck."
masa is a goddamn comic genius
this gold from from his latest deck pic.twitter.com/BMD0rf4JaM
It reads: "This hypothetical illustration is provided solely for illustrative purposes, reflects the current beliefs of SBG as of the date hereof, and is based on a variety of assumptions and estimates...
"Accordingly, actual results may differ materially from the hypothetical illustration presented herein. For the avoidance of doubt, this illustration does not reflect actual results or metrics from the company."
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