In 2013, Dell Inc was a struggling PC and hardware firm. CEO Michael Dell took it private in a $25B buyout and turned it into an IT infrastructure + cloud giant (re-listing as Dell Technologies in 2018)
The $4B that Dell put up in the deal is now worth $40B.
Here's the story🧵
We start in 1984, when @MichaelDell was a freshman pre-med student at University of Texas.
He was not a typical student: The 19yo launched a company called PC's Limited with $1k, selling computers (assembled from stock parts) from his dorm room. It was soon making $80k a month.
Apr 29 • 5 tweets • 2 min read
Amazon market cap fell $200B to $1.3T.
AWS itself is worth $1T.
This means the market is valuing Prime, 3rd-Party Seller, Fulfilment Centres, One-Click Checkout, 2-Day Shipping, Logistics, Ads, Marketplace, MGM, James Bond, The Hobbit and Hot Tub Time Machine at only $300B.🤯
Amazon's Ad Business has a $31B+ run rate and is already the 3rd biggest digital advertise in the world (behind Google/FB and passing MSFT a few years ago)
On Hacker News: Amazon employee w/ less than 3 years experience making $300k a year working 2 hours a week.
I now need to find out if this is the same person as “I have 10 fully remote engineering jobs Hacker News guy”.
WSJ reports that PE firm Apollo is participating in a bid for Twitter and that the social network is “in play”.
If true, this means Twitter is for sale and the Board’s duty narrows to one responsibility: maximize shareholder value (AKA get highest price).
Here’s a breakdown🧵
◻️ On Thurs, Elon offered to buy all of Twitter for $43B (he owns 9.1%)
◻️ On Sat, Twitter’s Board adopted a poison pill (if Elon owns 15%, existing shareholders get issued stock at a big discount and Elon’s stake gets diluted)