Vision Fund shines in third quarter; Masayoshi Son hails 'golden eggs'

Softbank-backed firms that went public during the quarter include selling platform Opendoor and food delivery app operator Doordash, with unrealised gains in the latter totalling $10.7 billion

SoftBank Group Corp Chief Executive Masayoshi Son boasted of delivering “golden eggs” on Monday, after his company's Vision Fund unit rebounded from a loss to record an 844 billion yen ($8 billion) third quarter profit.

The profit marks a sea change from a year earlier when high-profile misses such as the flopped IPO of office sharing firm WeWork and the Covid-19 pandemic forced Son to sell assets to stabilise his investing empire.

“Our vision never changed,” Son told a news conference in Tokyo after his company announced its latest results. "Golden eggs are not produced by chance," he added, returning to a