4 ms·

QT Company (QTCOM.HE) has been an amazing investment. From 2016-NOW +1800% (TSLA +1600%).

• pavlov 4y ago
  It's an amazing example of how Nokia mismanaged their assets and sold them away for a song. Nokia bought Qt in 2008 for $150M. (The original name of the company was Trolltech.) Sold it in 2012 for only $5M. Ten years later, Qt Group is worth about $2 billion today, having reached as high as $5 billion last year. How do you first lose 97% of the value of an asset, then watch on the sidelines as it goes up 1000x? Nokia's management was both incompetent and incomprehensibly negligent in handling shareholder value when they let this asset go for 5 million. Of course these managers were selling Qt for almost-nothing to their good friends in Finland, while the bill was paid by Nokia's global shareholders... This kind of borderline theft is easier to pull off in a small country, even one that pretends to be the least corrupt in the world.