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SoftBank was forced to wire $1.5bn to Goldman Sachs and other lenders days before WeWork filed for bankruptcy. The company lost $14 billion on WeWork, making it one of the worst bets in history on a startup. SoftBank's $16B WeWork investment is dubbed one of the worst venture capital bets in history. The company booked a quarterly loss of 789 billion yen ($5.22 billion), marking its fourth straight quarter in the red, as investment losses offset. This marks the fourth consecutive quarter that SoftBank has reported a loss. SoftBank also reported a $6.2 billion loss related to the bankruptcy of office-sharing company WeWork. The once high-flying WeWork, once valued at $47 billion, took a hit from the bankruptcy. SoftBank's Vision Fund posted a $1.7 billion loss for its most recent quarter, in part due to the writing down of its stake in now-bankrupt WeWork. Despite the losses, SoftBank reported an adjusted ~$300M investment gain for its Vision Funds in Q2, as Vision Fund 1 gained $2.5B thanks to Arm's IPO while Vision Fund 2 lost $2.1B. However, shares of Arm dropped by 6%.