Not sure how to square this post with recent headlines like "SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet".
SoftBank hold huge positions in companies like OpenAI, funded using debt. The interest on those loans is killing them, and until OpenAI actually IPOs and SoftBank can sell their stake, they have to pay that interest using cash from somewhere else.
Paper money vs cash
Sometimes the first one to leave the casino is the last one to join an add hoc concert playing "smoke on the water" for the first time
didnt they get absolutely rekt on WeWork?
How are they still able to be a thing
SoftBank "only" lost around $10 billion on WeWork. The SoftBank Vision Fund alone invested more than $100 billion in various companies.
SoftBank owns 90% of Arm which is up about 1000% since the IPO in 2023.