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Shareholders did great holding onto Yahoo! stock, as it’s Alibaba holdings would perform magnificently.
I could be wrong, but I don't think that was enough to push it back above the 44.6B valuation.
Edit: Apparently they used to hold 30%, but sold half of that for peanuts in 2012.
Is this the best money Microsoft did NOT spend?
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I could be wrong, but I don't think that was enough to push it back above the 44.6B valuation.
Yahoo used to have a 15% stake in Alibaba. Alibaba’s market cap today is ~643B according to (ironically) Yahoo Finance. Edit: Apparently they used to hold 30%, but sold half of that for peanuts in 2012.
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How could Yahoo possibly be worth that much money? It certainly not worthless, Yahoo still have great brand, nostalgic even. $5 Billion is a bit of a strech though.
Yahoo still ranks very high on Alexa. At 11, it's above Wikipedia(12) and just one position below Amazon (10). Reddit is at 19. Microsoft is at 21 https://www.alexa.com/topsites
The one that gets me is Second Life which was such a hot thing for an instant in time and is still, amazingly, around even though I haven't heard anyone mention it for years.
Earlier quoted context omitted.
Shareholders did great holding onto Yahoo! stock, as it’s Alibaba holdings would perform magnificently.
I could be wrong, but I don't think that was enough to push it back above the 44.6B valuation.
I worked at Yahoo! when this was going on, I’m amazed the share holders didn’t sue Jerry Yang and the board for avoiding this sale. Yahoo had very little of technological value and was actively trying to destroy its own search business amongst other properties at the time. They really were in a prime position and bungled it extremely badly, I think they had maybe 20% of the search market at the time. Carol Bartz late…
Yahoo sold half of the Alibaba stake for $8B and $40B in 2012 and 2019. Yahoo Japan stake for $4B in 2019. And Yahoo itself for $4-5B around that time.
Of course the people who would have taken Microsoft stock would’ve made a lot if they held on through 2013, 2014. Microsoft stock was 10x less in 2008 and rose 50% before the end of 2014. The shareholders who would’ve taken cash wouldn’t have been better off without knowing how that cash would be used.
I worked at Yahoo! when this was going on, I’m amazed the share holders didn’t sue Jerry Yang and the board for avoiding this sale. Yahoo had very little of technological value and was actively trying to destroy its own search business amongst other properties at the time. They really were in a prime position and bungled it extremely badly, I think they had maybe 20% of the search market at the time. Carol Bartz late…
I ask because it seemed like there were attempts but they were sort of fits and starts and meanwhile most of Yahoo still seemed like just old Yahoo...
It does seem like a continuous failure in leadership at Yahoo to really change much at all. There were sort of psudo attempts to do other things (be a media company I guess) but they never came to much.
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If you look back a decade, things haven’t changed that much. Facebook was public, growing, had figured out mobile and had already acquired Instagram. It was by far the top social media company. Amazon had taken over online retail. It was already a behemoth. AWS was in its infancy, but it was growing. Apple was already the most valuable company in the US. Microsoft had been one of the top 10 most valuable companies fo…
Google is well diversified. You even mentioned Youtube and Android. GCP isn't at the top but it's huge. Google docs/business suite is taking over, it's the goto for startups. They have a mobile carrier business. Self driving cars (although its dropping in valuation but they do have a large stake in Uber). Google is now Alphabet which it restructured into because of its diversification. Small nit: FB wasnt public 10yr…
https://www.theverge.com/2016/1/21/10810834/android-generate...
On the other hand, it’s reported that Google pays Apple $12 billion a year to be the default search engine on Apple devices.
Apple makes a lot more from Google on mobile than Google makes from Android.
Andy Jassy, the CEO of AWS, has said in plenty of public statements that only 4% of all enterprise IT spend is on any cloud provider. GCP is in a distant third.