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 was the market reaction to the news about SoftBank's derivatives trading, and what does it indicate about investor sentiment?

Discuss the governance issues raised by Masayoshi Son's personal stake in the trading unit.