Losses at SoftBank’s Vision Funds have consumed nearly all their historical gains

Earnings season is slowing, with the largest U.S. tech companies already having reported second-quarter results. But oftentimes the most interesting results come not from your Amazons or Apples, but from smaller concerns — and even those that are not traditional tech companies. SoftBank, for example.
Today, the Japanese conglomerate and startup investing powerhouse reported earnings that were more than a little bleak. SoftBank’s quarterly losses, worth around 3.2 trillion yen ($24.5 billion), were its largest in history, leading to the company posting the following image atop its i

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