Softbank curbs the activity of its startup fund

Masayoshi Son, CEO and founder of Softbank, In 2017 it launched a fund called Vision Fund of nearly $100 billion to invest in technology startups.Masayoshi Son injected the money into companies around the world. Thanks to the fund, companies received large amounts of money that were used by companies for hiring workers, marketing, promotions, with the objective of reaching a wider target and continuing to grow. But the problems did not take long in coming. Everything started to get complicated with two of the big investments, Uber, startup in which Softbank invested 7.7 billion dollars and WeWork , a startup in which it invested 11 billion. When Uber, also called the transportation giant, went public, it marked a severe adjustment in the company's valuation. As of today, it continues to have a low valuation, despite the company's slight recovery in shares over the past few weeks. For WeWork, the fate wasn't very encouraging either. He had a frustrated IPO that required a rescue. For WeWork, its aggressive growth strategy and its need for capital intensive to pay for expenses related to office rental led to a change in valuation from 47 billion dollars to just 8,000. Another major problem focuses on Rappi, the Colombian delivery-to-order unicorn last week laid off hundreds of employees. Bloomberg It also published this morning that the provider of discounted hosting Oyo Hotels is laying off thousands of employees in China and India. But they are not the only ones, other companies like Fair.com, Getaround, Zume, among others, they made cuts and announced layoffs. The business model is the common point that many of the companies mentioned above have, they use contractors to provide their services. Their risky strategy revolutionized the sector and now all the focus is on Softbank. What do you think? Is Softbank coming to an end?