SoftBank Group marks return to profit as it cuts Vision Fund losses

While this may be good short term news for myopic investors lacking intelligence not to buy stock in this dilapidated dinosaur of a tech firm, in the long run it will prove fatal for their bottom lines. Son mismanaged and overexpanded then appointed incompetent foreigners to be Ghosn like scapegoats for the very firm he both crested then raped and pillaged. Anyone with any knowledge of the economy knows a firm that owns a baseball team that cant win a pennant is not doing well financially. SoftBank is a prime example of this, and rest assured, they will not win this year. The only people who will win are keen Japanese investors who short this company.

The British government, led by EU remainers at the time, a la Theresa May, were bonkers to allow Masayoshi Son to take over the country’s greatest company.

Now, with all that money, maybe Son can live up to the promise the deal was predicated on and which he immediately broke – that he double the number of ARM employees.

Although promises are things that billionaires are allowed to break, so good luck with that.

Another Japanese company kicking butt. Nothing new.