How could anyone not see how pathetic the purchase of tumblr was for Yahoo over 3 years ago....how could I see how much of a waste they were paying for such a worthless site yet the top executives at Yahoo thought this was the purchase of a lifetime...fools....I predicted this one perfectly.. Said tumblr was worth no more than $50 million and even that was an insane evaluation... Funny how quick these companies like yahoo go out and purchase companies they believe will be the best for their bottom line....when old school dot coms, media companies and tech companies buy these new social networking companies they are usually just throwing money away ....simple as that.... Yahoo 'screws it up,' writes down $482 million of Tumblr July 18 NEW YORK Marissa Mayer may be ending her tenure at Yahoo on a sour note. Yahoo is writing down the value of its Tumblr acquisition by $482 million, citing lower projections for the social network's future performance, the company announced Monday. This comes after Yahoo (YHOO, Tech30) took a $230 million similar writedown last quarter on its Tumblr buy. http://money.cnn.com/2016/07/18/technology/yahoo-q2-earnings-tumblr/
I would love to know how much Tumblr earned this past quarter (or year) and how they made that money exactly. Yahoo seems pretty tight lipped when it comes to splitting out Tumblr's actual performance.
Let's be real here, you also likely claimed that MSFT, AAPL, GOOG, FB, and AMZN were worthless at some point too. Maybe not MSFT because you seem kind of unaware and inexperienced, if you are over age 30 you've led an extremely sheltered life. When you claim that the entire global economy is "worthless", then certainly all components of that are "worthless".
These kind of deals often involve a lot of intangibles like acquiring top notch IT staff and software that helps companies compete in IT areas. Sure, some of them are huge overpays, but it's the worst deals that get attention down the road and provide fodder for S2007S and his endless "worthless economy" rants. Most IT areas are extremely competitive, time sensitive, and feast or famine. Market leaders make out like bandits and also rans lose. I have my doubts if many people can truly comprehend the nature with which GOOG, FB, MSFT make money these days. But the money is real. The promise of the internet boom was massive profits based on the internet being an incredible way to leverage a business worldwide. Most internet endeavors failed, but the largest companies have massive profits. Suggesting that the initial ideas were not totally wrong, it's just that the profits are far more concentrated and smaller players are easily squeezed out.
You make many good points. Many fads, but some big successes. Investing is about the mean return, not median.
You still don't comprehend that this massive upside in this global economy is on the curtails of the central banks.....Yahoo would have never paid a billion + for some worthless site if the central banks didn't prop up the global markets with cheap easy money....speaking of Microsoft, they just tossed billions and billions of dollars away in that linked in purchase as well...everything that once was in no longer thanks to the fed. I'm still going to repeat that these companies are only making the bucks because of the trillions in free money the central banks have pumped into the system....simple as that...
Well if not for the government, we will be cavemen hunting each other for food. So does it mean we are all worthless then?
My point is that if the govt gave me money to install and solar panel, and I did just that, it is still a great trade for me. I get that someone else has to pay for it, but we are trading the companies getting free money -- this is a trading forum, right?
You are completely wrong on this. But I'll humor you. Provide some real data that proves your theory that Microsoft profits are primarily due to central bank policy. Be specific.