SoftBank Winds Down Options Trading After Investor Backlash

The transcript discusses SoftBank's strategic shift away from derivatives trading due to market changes and shareholder pressure. The reduction in volatility following the US elections and COVID-19 vaccine prospects made derivatives less profitable. Controversy arose over disclosure practices, impacting SoftBank's market cap. Questions about the rationale for SoftBank's short-term investments and governance issues were raised, especially with Masayoshi Son's personal stake in the trading unit.

What prompted SoftBank to reconsider its derivatives investment strategy?

• The rise of cryptocurrency investments

• A new CEO with a different vision

• A successful derivatives trading year

• Increased shareholder pressure and macroeconomic changes

Why did SoftBank's market cap drop significantly in September?

• Due to a major acquisition

• Because of undisclosed option bets

• As a result of a natural disaster

• Owing to a new competitor entering the market

What unusual activity did investors question about SoftBank?

• Its expansion into the automotive industry

• Its investment in long-term technology

• Its involvement in public stock trading

• Its focus on renewable energy

How did SoftBank justify its trading program?

• By stating it was a major part of their strategy

• By claiming it was a temporary measure

• By saying it was a mistake

• By highlighting it was only 1% of total shareholdings

What governance issue was raised due to Masayoshi Son's actions?

• His lack of involvement in the trading unit

• His personal stake in the trading unit

• His decision to sell off major assets

• His appointment of a new board member