SoftBank’s Vision Fund Profit Undercut by Trading Losses

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In a presentation to investors after the results, Son focused on his successes. He reprised his argument that SoftBank is like a goose that lays golden eggs, from Alibaba Group Holding Ltd. and Yahoo! two decades ago, to companies like Uber and DoorDash more recently. Some 15 companies have gone public from the Vision Fund so far, he said.“Since the Vision Fund launched, the number of golden eggs is in accelerating mode,” he said, pacing a stage in a white turtleneck sweater and grey jacket. “We are finally in the harvesting stage.”