It peaked at $18B market cap in 2000. Adjusted for inflation this is 18x1.93=34.74B.
Today’s market cap is 45.35B.
It isn’t down, but it isn’t up much since 2000.
Today’s market cap is 45.35B.
It isn’t down, but it isn’t up much since 2000.
It has earned ever so slightly more than the risk free rate since 2000. On an absolute basis it is a terrible investment. On a relative basis it is also a terrible investment. On a risk adjusted basis? Abysmal.