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> Our market cap has gone from $18B to $51B > approximately 15 percent equity stake in China’s Alibaba Group Holding Ltd 15 percent of Alibaba is about $52.5
by zeteo 9y ago
> Our market cap has gone from $18B to $51B
> approximately 15 percent equity stake in China’s Alibaba Group Holding Ltd
15 percent of Alibaba is about $52.5 billion. I'm not sure why we're even discussing anything else. It's like saying that my contribution to family finances is:
a) not selling my parents' house, which is now worth half a million.
b) having $1.32 in change in a little ashtray by the door.
- dragonwriter 9y agoWell, except that your change in the ashtray is a positive contribution.
- cryptica 9y agoYeah but a negligible one. As a long time Yahoo mail user, I was very disappointed with Yahoo under Mayer. Firstly they did a terrible job with the Yahoo mail web client; it became slow and clunky and inherited the worst parts of Gmail and none of the good parts. Secondly my account was hacked and to this day my old contacts still receive spoof emails from "me" (though not actually my email address) about weight loss supplements. I am ashamed to tell people my email address. I started moving to Gmail.
- jondubois 9y agoOh and the new logo sucks.
- bdefore 9y agohttps://www.inc.com/cody-steve/yahoo-logo-redesign-marissa-mayer.html https://www.inc.com/cody-steve/yahoo-logo-redesign-marissa-m...
- rhizome 9y ago[Yahoo Mail] became slow and clunky and inherited the worst parts of Gmail and none of the good parts. Yahoo and LinkedIn are basically right next door to each other and employees from one routinely hop to the other, so it makes sense that they share production values.
- hueving 9y agoThat's stupid. Google is also walking distance from LinkedIn and had buildings by the yahoo campus as well (tech corners).
- rhizome 9y agoYou're right, the poorly implemented copies of Gmail features could just as easily been written by Xooglers, but it's a funnier and longer-standing joke that the entirety of LinkedIn is as a hodge-podge of other peoples' ideas.
- greglindahl 9y agoGoogle and LinkedIn are swapping buildings, so that will no longer be literally true when the swap is done. But I agree that it's a silly thing to say; Silicon Valley companies do swap employees all of the time.
- deleted 9y ago[deleted]
- non_sequitur 9y agoI think you should italicize "positive" - "Well, except that your change in the ashtray is a positive contribution." :) Core Yahoo was actually worth a negative amount when comparing its market cap to the market cap of the Alibaba assets.
- eloisant 9y agoSo: c) crashed the car that was worth $50,000 but is now worthless
- scottlu2 9y agoNot selling is hard too. People underestimate that a decision was made each day not to sell.
- nimchimpsky 9y agoYeah but not that hard c'mon
- sumedh 9y agoWell it is when you are dealing with huge amount of money.
- nimchimpsky 9y agoReally ? You think holding on to a massive amount of shares in a growing organisation is a difficult thing to do ? And in comparison to actually growing a company that is worth a similar amount its childs play,
- kbutler 9y agoWell, look at Microsoft's $150M investment in Apple in 1997: https://www.engadget.com/2014/05/20/what-ever-became-of-microsofts-150-million-investment-in-apple/ https://www.engadget.com/2014/05/20/what-ever-became-of-micr... By 2001, MSFT had 18 million shares of Apple, sold by 2003. Later a 2:1 and then a 7:1 stock split, would give them a value of $36 billion today (if my math and the article's math are correct), but was sold for a relatively small profit instead. It's harder than you think to hold onto a massive amount of shares in a growing company.
- nimchimpsky 9y agoYou have supplied one bit of anecdotal evidence, you want me to list all the people/companies who held on to apple shares ?
- valuearb 9y agoYou missed the $10B returned to shareholders.