Masayoshi Son says SoftBank will be cutting its startup investments by 50-75% through March 2023, after its Vision Fund unit reported a full-year loss of $20B+ (Veronica Irwin/Protocol)

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Veronica Irwin / Protocol:

Masayoshi Son says SoftBank will be cutting its startup investments by 50-75% through March 2023, after its Vision Fund unit reported a full-year loss of $20B+  —  Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call.

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