Comment by bigyabai

> How does this explain a $20M bet on Alibaba that netted $60B?

It's a 26-year-old investment. The advisors who suggested it are long gone from SoftBank, and the stake in Alibaba was sold to provide liquidity for bagholder investments like WeWork.

SoftBank was lucky, and now their luck is gone. Son had an investment in Nvidia that would have been worth $100+ billion, but sold it in 2019 for only $3.6 billion. Uber is struggling, Arm is a laughingstock of a business, their stake in OpenAI is comically overleveraged, and Softbank Vision Fund is one of the most heavily ridiculed and mocked international VC funds anywhere in the world.

We have to move past a decades-old bet, SoftBank's current state is not reminiscent of their prior investments.