SoftBank likens itself to a goose laying 'golden eggs' as Vision Fund boasts best results since 2017

SoftBank's Vision Fund, the investment vehicle behind Uber and WeWork, is riding high-flying technology stock, posting its biggest profit for years. The fund, created by SoftBank CEO Masayoshi Son, reported a ¥844.1bn ($8bn) profit in its third quarter ended 31 December 2020 [PDF], surpassing record numbers set just a quarter …

[Kevin McMurtrie]

LOL

Let's see how those "still can't make a profit" stocks do in the coming year.

[Charlie Clark]

Re: LOL

As long as central banks keep buying everybody's liabilities and handing out cash it is going to be hard to separate the wheat from the chaff.

[Zippy´s Sausage Factory]

Re: LOL

That sounds like it's more or less their business plan for the foreseeable future then. Otherwise they'd be closing some of these loss making businesses on the grounds that... well, they make a loss.

[Danny Boyd]

"What would that make WeWork then?"

Well any goose, even the one laying golden eggs, has to excrete from time to time. Or so my biology teacher said.