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So now Yahoo stock is basically going to be a faux Ali Baba stock. This totally seems like a healthy thing and evidence that there is nothing at all wrong with
by ebbv 11y ago
So now Yahoo stock is basically going to be a faux Ali Baba stock. This totally seems like a healthy thing and evidence that there is nothing at all wrong with our market system.
- colinplamondon 11y agoThis seems like an unprecedented situation. They much set $25,000,000,000 on fire at the same time that they made $29,000,000,000 on a great investment. A company makes an amazing, generation defining large bet on a startup in a fantastic market. Which pays off as one of the best investments in history. That same company then proceeds to do _nothing_ with its actual business. It purchases a series of tiny startups that go _absolutely nowhere_, the acquired talent of which create _zero value_. And, simultaneously, new, younger competitors start eating their lunch in every one of their established markets. If that's not unprecedented, I'd love to hear the other example. That situation would have to be just as fascinating.
- sjg007 11y agoI guess you can play arbitrage between the two stock markets.