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Not that I disagree with the sentiment here, but there’s a pretty gigantic footnote in the article that relegates it to the bargain bin of overhyped clickbait:
by downandout 8y ago
Not that I disagree with the sentiment here, but there’s a pretty gigantic footnote in the article that relegates it to the bargain bin of overhyped clickbait:
”That doesn't mean Oath is actually worth only $200 million in cash — Oath said it still has about $5 billion of real assets remaining.”
Oath’s goodwill was dramatically overvalued, but the fact that it has $5 billion in real assets makes it difficult to describe the “almost worthless” label used in this article’s title as anything but clickbait.
- tootie 8y agoIt's not clear what those assets are. But absent revenue, it means Oath is basically just a bank with a mishmash of investments. Same way Yahoo's entire value is shares of Alibaba. It's extremely valuable even though it's not a viable business anymore.