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)

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.