I guess anything makes sense to a company that paid $26 billion USD for LinkedIn.
I guess anything makes sense to a company that paid $26 billion USD for LinkedIn.
Markets are a means to an end, not something to fetishize.
Money is just information about usefulness. If you are useful to other people you've got money. If someone is useful to you, you give money.
To go back to the Microsoft case: They played the market well, that there are no alternatives in some areas and a new owner has hardly a chance to go there.
They should, most cultures express it in the form of an expectation that children take care of their parents in their old age.
Yeah. Symbian, Meego,..
Is there data to support that this was overvalued? Not personally a big fan of LinkedIn, but it seemed like probably a good long-term buy for Microsoft.
Even if I charitably apportion 1B profit (which I bet Microsoft would trumpet if that was a thing), that's 20+ years to make the 26B back.
My bigger problem with LinkedIn is that it's a cesspool of recruiter spam.
Lynda.com was the only worthwhile part of it, and I wonder if that's still around/popular.
I'm also bitter about them calling Windows Phone too expensive to keep going at around the same time, so I might be a bit biased :-)
Isn't a valuation at ~5 years revenue pretty standard for a business acquisition?