If there’s one company that is vulnerable to the fallout from a virus-inspired economic slump and the stock market crash, it is SoftBank, along with its $100 billion Vision Fund.
The 27% drop in the stock market in the past three weeks, along with the sharp downturn in major industries like travel, will slash the value of Vision Fund’s investments in the March quarter. That could wipe out much of the $9.5 billion investment gains it was showing as of Dec. 31.
