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When the news broke Steve Ballmer was stepping down Microsoft stock jumped $2 billion. If it’s possible to be worth -$2 billion it’s possible to be worth $100 m
by barry-cotter 5y ago
When the news broke Steve Ballmer was stepping down Microsoft stock jumped $2 billion. If it’s possible to be worth -$2 billion it’s possible to be worth $100 million.
- ckastner 5y agoIt remember that is was far more than that. Without having invested too much time into this, Microsoft's market cap back then was around $270bn, and the stock rose by around 7% on 2013-08-23, the day is retirement plans were announced. So the stock jumped close to $20bn. Historical prices according to Yahoo on 2013-08-23: closed at 34.75, previous close was 32.39.
- itsdrewmiller 5y agoI haven’t read the article, but I assume it is 100mm annually not a lifetime achievement award.