The year is 2035. Everyone has a computer science degree. Everyone is a startup founder. Everyone sells services to each other. No one is making a dollar a profit. Y Combinator is the government now.
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Eventually, even digital data will no longer be owned by individuals on their own initiative. Whenever there is a major change or accident in the world, in a country, in a government, in an idea, in a trend, access to it may suddenly be cut off.
@timsoret This isn't how valuations work. ATVI PE was around 34 at the acquisition price which is in the reasonable range for a company that size. MSFT is gutting XBOX to raise cash. They've always been heavy handed
You're also dead wrong about AAPL but I don't even want to get into that.
@timsoret@MrWodensdag I think you're wrong here.
This is the exact thing Microsoft wants in the portfolio, it's similar to their other licensing avenues that generate cash.
The whole reason they are gutting Xbox is to raise cash.
BREAKING: In a landmark 6-3 decision, the Supreme Court rules that "geofence warrants," which allow law enforcement to collect sweeping smartphone location data over a broad area, constitute an "unreasonable search" and violate the Fourth Amendment.