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Virus blows a hole in SoftBank's 300-year vision; Founder Son likened the fund's situation to unicorns falling into a 'coronavirus valley', but he still expects some bets to fly, finds James Cook

May 19, 2020 - The Daily Telegraph (London)
Board and Executive Moves

Masayoshi Son, the chief executive of Japanese conglomerate SoftBank, is known for his outlandish predictions. He once forecast that in 300 years humans will be able to live to 200 and communicate telepathically with dogs.

There were no such bold forecasts in Son's presentation yesterday. Instead, the billionaire focused on how SoftBank's investments could fare in the next few months.

Coronavirus is an "unprecedented crisis," Son said, likening its potential impact to the Great Depre...