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They owned shares in Alibaba that had a market value of $4b more than Yahoo's market cap, which in theory should have reflected the value of Alibaba plus all th
by RockyMcNuts 12y ago
They owned shares in Alibaba that had a market value of $4b more than Yahoo's market cap, which in theory should have reflected the value of Alibaba plus all the other assets.
- hyperpape 12y agoI mean, yes, I understand that they're doing that calculation. But it doesn't make sense to me.
- gbhn 12y agoYou may be thinking that stock prices always make sense. :-)
- venomsnake 12y agoAlibaba is good at making money. Yahoo is good at burning them. If you take $1bn from alibaba -> $1BN goes to shareholders. If yahoo takes $1bn from alibaba -> they pay a hundred million for a golden parachute, stagnate tumblr with the other 500$, buy startups for $499 million and return some loose change and pocket lint to investors.