3 ms·
"Short-term gains" isn't the goal. The goal is avoiding short-term losses for the sake of empire-building. If you look at Yahoo's market cap, net of the Aliba
by fiatmoney 12y ago
"Short-term gains" isn't the goal. The goal is avoiding short-term losses for the sake of empire-building. If you look at Yahoo's market cap, net of the Alibaba & Yahoo Japan stakes, it's essentially betting that Mayer will burn a few hundreds of millions of dollars on things like non-value-adding acquisitions in an effort to remain a Major Player.
- gohrt 12y agoor it's betting that the cost of current liabilities and ongoing expenses will burn that hundreds of millions of dollars more than what Mayer will recover. It doens't necessarily mean that Mayer will generate no value, since non-BABA Yahoo had negative value even before Mayer started.