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SoftBank reports Q3 net profit of ~$1.6B, below est., and Vision Fund posts a ~$2.4B gain, after a ~$4.2B gain in its OpenAI investment helped it offset losses

SoftBank posted a $2.4 billion gain at its Vision Fund in the December quarter as a jump in the value of its OpenAI investment helped offset losses in some of its other bets.

CNBC Arjun Kharpal

Discussion

  • r/wallstreetbets r on reddit
    SoftBank Vision Fund books $2.4 billion quarterly gain boosted by OpenAI bet
  • @madhavchanchani Madhav Chanchani on x
    India report card for Softbank Vision Fund. Has cashed out $7.4 bn, including $4 bn that came in 2018 from the first Flipkart bet (invested again in 2021) Fair value of portfolio, including cash exits, at $13.7 bn. Total India investment is over $10 bn, but that also includes [im…
  • @madhavchanchani Madhav Chanchani on x
    Lenskart has emerged as Softbank Vision Fund's biggest public holding, followed by Meesho. Both companies had their IPOs last quarter. [image]
  • @ns123abc Nik on x
    🚨 BREAKING: SoftBank CFO just dropped this during today's Q3 earnings call: “Nothing has been decided about additional funding round in OpenAI” LMAO [image]
  • @briantycangco Brian Tycangco on x
    Lmao! The only thing helping Softbank book a profit are unrealized gains from an inflated OpenAI that keeps losing money with no end in sight to this bottomless money pit.😂 SoftBank Vision Fund books $2.4 billion gain boosted by OpenAI bet https://www.cnbc.com/...
  • @dariocpx @dariocpx on x
    SoftBank just missed Wall Street Net Income estimates by 70% [image]