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SoftBank breaks profit records SUBSCRIBE Thank you for subscribing to Daily Top 5 We ll soon meet in your inbox. / Daily Top 5 The SoftBank Group has posted a net profit of $45.8 billion, the highest ever for a Japanese company, as tech stocks continued their rally after record losses last year. Also in this letter: eBay taps into Naspers Vision Fund fuels SoftBank s record profits Details: SoftBank s net profit stood at $17.7 billion for the quarter, led by a $37 billion profit at its Vision Fund unit. For the financial year, SoftBank reported a net profit of $45.9 billion, largely fueled by Vision Fund s $57.8 billion profit. ....
ReutersAkanksha RanaUday Kumar 2 minute read An eBay sign at an office building in San Jose, California, May 28, 2014. REUTERS/Beck Diefenbach/File Photo EBay Inc (EBAY.O) is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the company said on Monday. A growing number of companies have begun to accept virtual currencies as a form of payment, taking an asset class that had been shunned by major financial institutions a few years ago, a step closer to becoming mainstream. Tesla Inc (TSLA.O) is already accepting bitcoin as payment for its electric cars, while payments giant PayPal (PYPL.O) last year started allowing customers to buy, sell and hold cryptocurrencies using its online wallets. read more ....