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Tumblr sold to WordPress for $3 mil 😂
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2019-08-13 at 4:23 PM UTC
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2019-08-13 at 4:26 PM UTC
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2019-08-13 at 4:37 PM UTC
Originally posted by Rear Naked Joke Tell me how spending $1 billion in CLEAN MONEY on a shitty venture that then loses its value and you can't resell well is going to clean up dirty money.
Go ahead.
tumbler was worthless to begin with.
now what happened was some drug cartels, via their offshore companies in panama or virgin islands ir gods know where, buy huge shares with controlling stakes in yahoo and inserted their hommies into yahoo's board of directors.
meanwhile another conglomerate of drug dealers bought lots of shares and controlling stakes in thumbler. immediately after that yahoo, and their drug bussiness counterpart in tumbler went into an agreement to "sell" and "buy" tumbler, which is worthless to begin with, for a billion.
so yahoo pays 1 billion to tumbler, which instantly became dividend for its shareholders while most of it instantly became bonuses for their board of directors etc etc while tumbler continue operating as it is with no added capital or less.
and where did yahoo get their billions to buy tumbler you ask ?
simple. adverts. from multinational companies based in far away islands, and "venture capitalists". -
2019-08-13 at 4:43 PM UTC
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2019-08-13 at 5:23 PM UTC
Originally posted by vindicktive vinny tumbler was worthless to begin with.
now what happened was some drug cartels, via their offshore companies in panama or virgin islands ir gods know where, buy huge shares with controlling stakes in yahoo and inserted their hommies into yahoo's board of directors.
meanwhile another conglomerate of drug dealers bought lots of shares and controlling stakes in thumbler. immediately after that yahoo, and their drug bussiness counterpart in tumbler went into an agreement to "sell" and "buy" tumbler, which is worthless to begin with, for a billion.
so yahoo pays 1 billion to tumbler, which instantly became dividend for its shareholders while most of it instantly became bonuses for their board of directors etc etc while tumbler continue operating as it is with no added capital or less.
and where did yahoo get their billions to buy tumbler you ask ?
simple. adverts. from multinational companies based in far away islands, and "venture capitalists".
So... To launder $1 billion... drug lords have the access to clean money to surreptitiously buy a CONTROLLING STAKE in Yahoo which had a market cap of like $40 billion... and then tank the entire investment? -
2019-08-13 at 5:25 PM UTCIf you have that much clean money, wouldn't it literally be easier to buy Yahoo and run it as a successful company?
Seriously, how can you model Yahoo as anything but incompetence... -
2019-08-13 at 6:29 PM UTC
Originally posted by Rear Naked Joke
So… To launder $1 billion… drug lords have the access to clean money to surreptitiously buy a CONTROLLING STAKE in Yahoo which had a market cap of like $40 billion… and then tank the entire investment?
1 - 800-900 million.
2 - gray money.
3 - market cap of 40 billion dont mean shit. minority shares and other non-controlling stakes are worthless control wise. you can have a 40billion company owned by 39 million share holders each holding 10000$ worth of share and 10 majority share holders who hold 100 million worth of shares each and who controls everything.
4 - what tank ? yahoo is still doing as it is. -
2019-08-13 at 6:31 PM UTC
Originally posted by Rear Naked Joke If you have that much clean money, wouldn't it literally be easier to buy Yahoo and run it as a successful company?
Seriously, how can you model Yahoo as anything but incompetence…
no, the point is running yahoo will not give you an instant return of 900 million.
buying a well known shitty company thats almost worthless for what it is and then sell it at 10 times its value will. -
2019-08-13 at 6:39 PM UTC
Originally posted by vindicktive vinny 1 - 800-900 million.
2 - gray money.
3 - market cap of 40 billion dont mean shit. minority shares and other non-controlling stakes are worthless control wise. you can have a 40billion company owned by 39 million share holders each holding 10000$ worth of share and 10 majority share holders who hold 100 million worth of shares each and who controls everything.
4 - what tank ? yahoo is still doing as it is.
You are thinking of a plurality share and that doesn't give you a "controlling stake" lmao.
The next time the company has to appoint people to the board of directors, you only get as much of a vote as you have shares, by percentage. That board will appoint a CEO. The CEO will run the company.
Having a 2% stake when everyone else has 0.5% doesn't magically give you control of the company, otherwise 6 people could come together and wrest that control from you, and so on. If you start tanking a fucking $40 B company, the other shareholders will come together to lock you the fuck out, you really think the other $39.5B or whatever other shares will sit on their thumb while you tank all their investments? -
2019-08-13 at 6:46 PM UTC
Originally posted by Rear Naked Joke You are thinking of a plurality share and that doesn't give you a "controlling stake" lmao.
The next time the company has to appoint people to the board of directors, you only get as much of a vote as you have shares, by percentage. That board will appoint a CEO. The CEO will run the company.
Having a 2% stake when everyone else has 0.5% doesn't magically give you control of the company, otherwise 6 people could come together and wrest that control from you, and so on. If you start tanking a fucking $40 B company, the other shareholders will come together to lock you the fuck out, you really think the other $39.5B or whatever other shares will sit on their thumb while you tank all their investments?
minority share holders wont know whats happening other than what the board announces periodically in their earnings report and such,
as long as you can fill the majority of the board with your people, you can do anything you want with the company to its demise.
countless publicly owned companies had been run into the ground by the decisions of the board and the board alone. -
2019-08-13 at 6:46 PM UTC
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2019-08-13 at 6:52 PM UTC
Originally posted by vindicktive vinny minority share holders wont know whats happening other than what the board announces periodically in their earnings report and such,
as long as you can fill the majority of the board with your people, you can do anything you want with the company to its demise.
countless publicly owned companies had been run into the ground by the decisions of the board and the board alone.
Even if you nominate your dude and give him all 2% of your votes, it's still only 2% of the votes. You still have to convince other people to give your guys their vote. -
2019-08-13 at 6:55 PM UTC
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2019-08-13 at 9:09 PM UTCWho gives a shit? One shitty site sold to another shitty site for a pretty laughable sum given the popularity. As the Internet giants begin to fold in on themselves a new era of web user will emerge from the ashes. It's a cycle. Small sites become big sites, the admin ends up either selling the site to a bigger entity, can't keep up with the times and becomes irreverent, or is completely out of touch and adds so much bloat the people who made it big end up leaving. Occasionally you'll get an admin who panders to the wrong crowd and chases off the better posters, and occasionally you'll get an admin who understands when it's time to step back and focus on simply keeping the site online and running smoothly.
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2019-08-13 at 9:21 PM UTCLanny told me he was approached by Marissa Mayer to buy this site and he said no.
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2019-08-13 at 9:28 PM UTC
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2019-08-13 at 9:28 PM UTC
Originally posted by AngryIVer Who gives a shit? One shitty site sold to another shitty site for a pretty laughable sum given the popularity. As the Internet giants begin to fold in on themselves a new era of web user will emerge from the ashes. It's a cycle. Small sites become big sites, the admin ends up either selling the site to a bigger entity, can't keep up with the times and becomes irreverent, or is completely out of touch and adds so much bloat the people who made it big end up leaving. Occasionally you'll get an admin who panders to the wrong crowd and chases off the better posters, and occasionally you'll get an admin who understands when it's time to step back and focus on simply keeping the site online and running smoothly.
You mean like silk road then betaBay? -
2019-08-13 at 9:33 PM UTC
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2019-08-13 at 9:57 PM UTCBtw, how the fuk does snapchat make any money?
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2019-08-13 at 10:01 PM UTC
