SoftBank reports 3rd-quarter loss weeks after announcing AI investment with Trump

as it racked up red ink from its Vision Fund investments.

That's pretty funny. Racking up losses amid a tech boom. Great work, Masa, the "man with the golden touch"!

ChatGPT tells me that Vision Fund 1 has generated $21.6 billion in gains since 2017, while Vision Fund 2 has incurred losses of $22.2 billion since 2019. Close to net zero! The plain old NASDAQ, meanwhile, has quadropoled in that time. Woe is the Softbank investor.

Of course, the worst phone company in Japan. They did bring the iPhone here though

We need a Japanese version of ETTD, but I don't think it would be as compact.

TGSMZS? トランプが触るもの全部死ぬ？

An earlier smaller loss is luckily a good lesson and still much better than losing very big when investing and failing in all that useless 'AI' nonsense.

Any business association with that disaster will attract nothing but loss and pain.

Everyone making team with Trump is losing money..

Same as Musk, and his self burning EVs..

LOL

No thank you SoftBank and your predatory contracts.

But the loss isn't really connected to the AI announcement since the quarter is over a 3 month period and the announcement was a month ago.

Trump and 3rd quarter losses are unrelated, so why the headline?

Trump and 3rd quarter losses are unrelated, so why the headline?

This part:

Son has repeatedly said the company is banking on a future in artificial intelligence.

SoftBank Group invests in an array of companies that it sees as holding long-term potential, including unlisted upstarts, so its financial performance tends to swing wildly.

Seems like justification enough, maybe the problem is interpreting the headline as if it was describing a cause-effect relationship instead of describing how Softbank is doing at the point where it begins to bet strongly in AI.