this post was submitted on 16 Apr 2024
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Yahoo is like the Robin Hood of M&A companies.
Take from the rich (themselves) and give to the poor (overvalued startups).
They have quite the history of throwing ridiculous sums of money at companies not at all worth what they paid and ending up with worthless acquisitions.
Literally one of the investors on Shark Tank is only massively rich because Yahoo made one of the worst acquisitions in history.
They regularly took huge sums of money and threw it around like a toddler with creamed carrots.
Are you implying that Automattic is an overvalued startup?
I was actually referring to Broadcast.com valued at $5.7 billion.
How are they still alive?