SoftBank Reports First Quarterly Operating Loss in 14 Years

SoftBank is experiencing significant financial losses, marking its first quarterly operating loss in 14 years. The losses, primarily due to writedowns from investments in WeWork and Uber, have exceeded expectations. WeWork's valuation plummeted, leading to SoftBank's bailout. The Vision Fund, holding other companies like Slack, also reported substantial unrealized losses. Analysts express concern over SoftBank's future, questioning if more issues lie ahead.

What does the term 'writedowns' refer to in the context of SoftBank's financial report?

What was the impact of SoftBank's investments on Masayoshi Son's net worth?