Microsoft and Alphabet shed $60bn of Value(ft.com)
ft.com
Microsoft and Alphabet shed $60bn of Value
http://www.ft.com/intl/cms/s/0/dc3cd662-089a-11e6-b6d3-746f8e9cdd33.html
11 comments
Sounds dramatic, but they were last at their current values on...March 10.
> Alphabet, the parent of Google, said its first-quarter net profits soared 20 per cent to $4.2bn, but adjusted earnings of $7.50 a share missed estimates of $7.96. The group’s overall sales jumped 17.3 per cent to $20.3bn however it reported sales excluding the costs of acquiring traffic of $16.5bn, below Wall Street estimates of $16.6bn.
Once again WHY do we have this crazy market system that a company climbs 17.3% in sales year to year and it drops billions?
Once again WHY do we have this crazy market system that a company climbs 17.3% in sales year to year and it drops billions?
and then today they both decided to drop all regulatory complaints against each other. Something smells here.
That's 1 Uber of value lost!
Doh! Links you can't read without shenanigans
yup... FT is one of those where you have to google for the article title and click the link from there. The title on FT is the same as the hackernews header. So to read it you can google this:
"Microsoft and Alphabet shed $60bn of value"
"Microsoft and Alphabet shed $60bn of value"