This seems like an unprecedented situation. They much set $25,000,000,000 on fire at the same time that they made $29,000,000,000 on a great investment.

A company makes an amazing, generation defining large bet on a startup in a fantastic market. Which pays off as one of the best investments in history.

That same company then proceeds to do _nothing_ with its actual business. It purchases a series of tiny startups that go _absolutely nowhere_, the acquired talent of which create _zero value_.

And, simultaneously, new, younger competitors start eating their lunch in every one of their established markets.

If that's not unprecedented, I'd love to hear the other example. That situation would have to be just as fascinating.