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Originally Posted by rconverse
I understand how trends work.
What do you develope and sell for $5.7B, even if it's now an outdated technology?
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Dude is was friggin luck. He was born at a time when they were handing out money like nothing. The business he built was alight but nothing that special. Someone through sheer dumb luck always makes a boatload but they hit the lottery more than they are a great businessman. There are a dozen crypto kids out there riding around in lambos.
The president hit the lottery. He is not some great businessman, he inherited not only a fortune but a very successful business too. He would have done better if he had done nothing but put his money in the bank or the stock market. His business deals actually destroyed value. He didn't add value.
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Yahoo shut down much of its broadcast services in 2002[9] and broadcast.com has since been discontinued. Yahoo's high-profile purchase of broadcast.com has since been called one of the worst internet acquisitions.[10][11]
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https://en.wikipedia.org/wiki/Broadcast.com
I am not really impressed.