SoftBank's Son hails 'golden eggs' as Vision Fund rallies


FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File photo

TOKYO (Reuters) - SoftBank Group Corp Chief Executive Masayoshi Son boasted of delivering "golden eggs" on Monday, after his company's Vision Fund unit rebounded from a loss to record an 844 billion yen ($8 billion) third quarter profit.

The profit marks a sea change from a year earlier when high-profile misses such as the flopped IPO of office sharing firm WeWork and the COVID-19 pandemic forced Son to sell assets to stabilise his investing empire.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Is social media harmful for kids? Meta and YouTube face US trial after TikTok settles suit
It’s not a product. This habit will be the biggest luxury of 2026
Apple spent years downplaying AI chatbots. Now Siri Is becoming one
US judge signals Musk's xAI may lose lawsuit accusing Altman's OpenAI of stealing trade secrets
Apple stole our revolutionary camera technology, British company claims in US district court lawsuit
Exclusive-Saks ending e-commerce partnership with Amazon, source says
Nvidia's plan to invest up to $100 billion in OpenAI has stalled, WSJ reports
Musk's Starlink updates privacy policy to allow consumer data to train AI
Google defeats bid for billions of dollars of new penalties in US privacy class action
Analysis-Combining SpaceX with xAI may be simple for Musk Inc, but Tesla isn't so easy

Others Also Read