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SoftBank CEO Masayoshi Son. Illustration: Eniola Odetunde/Axios

SoftBank's Vision Fund arm posted $12.8 billion in gains (and $8 billion net profit) from its investments for the Oct.-Dec. quarter, mainly driven by its stakes in Uber and DoorDash. SoftBank Group itself posted a $11.1 billion net profit.

Why it matters: The record performance since Vision Fund's debut in 2017 comes just a year after its absolute worst.

  • In a presentation to analysts on Monday, SoftBank chairman Masayoshi Son described the company as a goose that produces golden eggs, and touted expectations that several more portfolio companies will go public soon.

Yes, but: SoftBank's recent experiment with public equities has netted losses so far, and the company's large exposure to Alibaba could be problematic if the Chinese online retail giant's regulatory troubles continue.

  • And its second Vision Fund remains without outside investors.

Go deeper:

Go deeper

38 mins ago - Sports

Raiders player becomes first active in NFL to come out as gay

Photo: Julio Aguilar via Getty Images

Las Vegas Raiders player Carl Nassib becomes the first active NFL player in history to come out as gay on Monday.

Driving the news: Nassib said he was coming out now because "representation and visibility are so important" and he will be donating $100,000 to the Trevor Project, a suicide prevention service for LGBTQ youth in the U.S.

Airlines, unions want DOJ to prosecute unruly passengers

Photo: Nicolas Economou/NurPhoto via Getty Images

A coalition of airline industry partners asked the Justice Department on Monday to begin prosecuting disruptive passengers.

Why it matters: Increased political divisions and conflict over pandemic guidelines have led the Federal Aviation Administration to take some form of enforcement action over 400 times in the first five months of 2021, compared to 146 in all of 2019, according to the coalition.