Tech investing: SoftBank bounces back

SoftBank, the Japanese tech investment giant, continued a remarkable turnaround, posting a $6 billion profit in its Vision Fund in the third quarter, said Pavel Alpeyev in Bloomberg.com. After losing $9 billion— and a lot of investor confidence—in the last fiscal year, CEO Masayoshi Son “addressed nagging concerns about his stewardship” this week and signaled that “investments in startups are paying off” again. Son remained unusually active in stock trading, although he denied reports he was the “Nasdaq whale” who inflated the tech rally in September.