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GOOG[0] & AAPL[1] each have stockpiles of cash & securities in excess of $100B. If thier investors are raising a stink, their CFOs don't seem to care. Disclosu
by gresrun 6y ago
GOOG[0] & AAPL[1] each have stockpiles of cash & securities in excess of $100B. If thier investors are raising a stink, their CFOs don't seem to care.
Disclosure: Google employee
[0]https://abc.xyz/investor/static/pdf/2020Q1_alphabet_earnings_release.pdf?cache=4690b9f https://abc.xyz/investor/static/pdf/2020Q1_alphabet_earnings...
[1]https://www.apple.com/newsroom/pdfs/FY20_Q2_Consolidated_Financial_Statements.pdf https://www.apple.com/newsroom/pdfs/FY20_Q2_Consolidated_Fin...
- deleted 6y ago[deleted]
- MattGaiser 6y agoYelp is a stagnating stock. As long as Apple and Google stock prices keep rising, the activist types will go bother somebody else.
- ckdarby 6y agoGOOG & APPL market capital is basically 1000x larger. Activist investor shows up with $100M fund that they can throw behind Yelp giving them ~10% of the company, they'll have a major say and in some other public companies they might hold the largest share stake depending on the shareholder splits. The same investor could show up with $100M on a $1T company, have 0.01% and nobody even knows who they are and they can't really push the company to do anything. There are not that many funds that can take major voicing stakes in GOOG or APPL because of the capital it would require.