61–70 of 367 posts
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People were also shocked when Zuckerberg turned down $1+ billion offers. Hindsight is 20/20.
I don't know about other people, but there's a number past which I do not care . N > 10^7 in my pocket after tax, I'm out, regardless of circumstances, regardless of ability to earn more. No ragrets.
Less than the $5.7 billion Yahoo! paid in 1999 for Mark Cuban's Broadcast.com: http://money.cnn.com/1999/04/01/deals/yahoo/ Times -- and fortunes -- change.
It's hardly a unique case, AMD is worth less now than what it paid for ATI back in the day.
I left that position and later worked for a bunch of tech startups and larger companies that, while not perfect, at least had enough good people in them to redeem my view on the human race.
I cannot imagine why anyone would actually work as a mid-level worker in Verizon unless you had absolutely no other options in life.
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Interesting to consider the reasons for the past valuation -- before everyone realized Alibaba was blowing up (I believe it was So, in 2016 dollars we're talking $5bn for their core web business vs. 50bn+ (2016 dollars) for the 2008 MSFT offer.
Why the heck do people use 'bn' for billion and 'mm' for million? I've seen VC @fredwilson use 'mm' many times on his blog (avc.com), and IIRC I read some reasoning for it, either there or elsewhere, which made some kind of sense (they said Roman numeral for 1000 is M, so for million we use MM, though not sure if that is quite right logic), but why then the inconsistency between 'mm' and 'bn'?
Verizon shouldn't be allowed to own any web properties. They inject a unique subscriber identifier into your HTTP requests unless you turn it off. http://www.verizonwireless.com/support/unique-identifier-hea...
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That was my take and when Mayer took over I was hopeful she'd sink some resources into the servers and fix the performance issue. Nope. Its as bad and slow as ever, all my clients that use it complain but there is nothing I could do save moving them to gmail. This was a major misstep in my opinion as Yahoo mail is the company "face" to many users. The Yahoo home page was horrible when she took over but at least she h…
The other alternative (and it scares me too!) is that Kardashians gossip was carefully measured to actually be what the most people respond to...
Less than the $5.7 billion Yahoo! paid in 1999 for Mark Cuban's Broadcast.com: http://money.cnn.com/1999/04/01/deals/yahoo/ Times -- and fortunes -- change.
Had to look it up, for curiosity: In April 1999, Yahoo! acquired the company for $5.7 billion (or over $10,000 per user) in stock. [...] The company had 570,000 users. -- Wikipedia These 570k users only listened to audio, seems like the biggest waste ever. Cuban got a bunch of (undeserved?) money and Yahoo lost the same amount. Feels like a pointless transaction.
If the company knew thought its stock was 10x overvalued (Yahoo's stock did drop 90% a year or so later) then they really only sold it for $570 million. That is, if Yahoo knew its stock would be worth 1/10 of its current value in a year, buying a company with $5.7B in stock will add value to Yahoo so long as The acquired company ends up being worth >$570M.
That being said, if they knew their stock was overvalued, it would be best to issue additonal shares, as $1 is worth $1 regardless. Similiar to how undervalued companies should buy back their stock.
What the hell has Marissa Mayer been paid for? Everything about this smells like Yahoo! is being run by idiot MBAs with some spreadsheets somewhere totally misunderstanding that technology can empower people to do fantastic things including those working within Yahoo! - instead it's been hamstrung by each property not being held accountable to it's competitors effectively. I would have started competitors (startups)…
If only those in charge of Yahoo and other failing companies knew of such a cunning strategy...
/s
So this means Mozilla's insanely bad clause (for Yahoo) [1] kicks in? 1. http://www.recode.net/2016/7/7/12116296/marissa-mayer-deal-m...
I'd bet that Mozilla continues to work with Yahoo/Verizon.