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Alright, these are existential mistakes up there with Decca. I still chuckle when I think about Yahoo's total market cap being less than the value of their sha
by apathy 10y ago
Alright, these are existential mistakes up there with Decca.
I still chuckle when I think about Yahoo's total market cap being less than the value of their share in Alibaba. The market determined that Yahoo! had negative worth. Ouch!
- bryanlarsen 10y agoAFAICT, that delta was because there was high probability that Yahoo would have to pay tax on the profits if it tried to sell Alibaba, not because the market determined that Yahoo! had negative worth.
- apathy 10y agoOoh, I did not realize that! Thanks for the clarification.