tech

SoftBank Group net profit soars to ¥1.17 trillion in third quarter

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Government stimulus designed to combat the economic effects of the pandemic have helped bolster stock markets, to SoftBank's benefit, said Masahiko Ishino, an analyst at Tokai Tokyo Research Institute.

The firm and its SoftBank Vision Fund "took full advantage of monetary easing", he told AFP before the results were released.

Socializing the losses, privatizing the profits at work.

Good to know that the Japanese people's money in this pandemic is going to finance over-valued scams like WeWork.

7 ( +10 / -3 )

It's not Japan only, it's everywhere.

Socialism for rich, capitalism for poor.

5 ( +8 / -3 )

So while most of the world is suffering a few individuals are seen as heroes by increasing their biliions - sad world we live in

4 ( +6 / -2 )

The Vision Fund is worth $100 bil, so that would be a ROI of 11%. The NASDQ rose 14% during the same period, so Son and his billionaire friends are still underperforming the market.

But hey, for Son, underperforming by a few percentage points is an outstanding result. I'll stick to my higher performing and much cheaper Vanguard and iShares ETFs, thank you.

4 ( +6 / -2 )

All window dressing. Increased stock values, selling assets because of it at great profits but operationally ???

1 ( +1 / -0 )

I want to change, but have to pay lots of money to finish contract. . Just accept ads. And more ads.

0 ( +0 / -0 )

Well ... since then softbank is ready to be taxed correctly.

2 ( +2 / -0 )

Yes, of course, selling all of oneself’s best assets always brings the biggest profits. That’s simply an adaptation of the world’s oldest business.

3 ( +3 / -0 )

I hate Softbank and I will never recommend them to anyone, they made me go to post office to send back their device because simply they said if I don't send it back I will be charged with extra 3man + they made me pay 5man to cancel the contract with their hidden fees which were not indicated on the website.

"we don't care about customers and unreasonable prices, because simply the customers don't have another option" as what I was told.

7 ( +7 / -0 )

Hawks will be able to steal some more of their rival’s star players & buy themselves another championship

0 ( +0 / -0 )

they made me pay 5man to cancel the contract with their hidden fees which were not indicated on the website.

Yawn; another person who didn't bother reading the terms properly and is now having a cry about it.

-2 ( +2 / -4 )

It now costs just ¥1,000 to cancel a contract

0 ( +0 / -0 )

Yawn; another person who didn't bother reading the terms properly and is now having a cry about it.

Someone standing up for a corporate entity that does not care an iota for your existence beyond the monthly fees you pay.

Thank you for your service.

2 ( +4 / -2 )

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