Mathew Ingram of GigaOm does good job of highlighting the two most important slides in Mary Meeker’s presentation:
In 2-3 years, the mobile web shall surpass PC web: continue reading...
Tech Crunch points to a piece in the NYT on the loss of value of financial companies between October 9, 2007 and September 12, 2008, or roughly 11 months. Reading it, you can’t help but shake your head:
Citigroup: $236.7 billion to $97.8 billion.
Bank of America: $236.5 billion to $150.2 billion.
AIG: $179.8 billion to $32.3 billion
Goldman Sachs: $97.7 billion to $61.3 billion
American Express: $74.8 billion to $45 billion.
Morgan Stanley: $73.1 billion to $41.1 billion.
Fannie Mae: $64.8 billion to $700 million.
Merrill Lynch: $63.9 billion to $24.2 billion
Freddie Mac: $41.5 billion to $300 million.
Lehman Brothers: $34.4 billion to $2.5 billion.
Washington Mutual: $31.1 billion to $2.9 billion continue reading...
YHOO blew the deal, sure, and you have to wonder what that says for its bankers?
Allen & Co. is trying to raise money for Linkedin at a whopping $1B valuation. It’s worth noting that Allen & Co. is encroaching more and more on West Coast startups, it raised $50M for Ning and Slide at monster $500M valuations. continue reading...
You have to wonder: is Jerry Yang a hero or a goat?
Forget what you think of Jerry Yang as one-half of Yahoo!’s founding team, forget what you think of Yang as the Chief Yahoo! who saw Yahoo!’s meteoric rise and devastating fall from grace. continue reading...
From the time MSFT launched an unsolicited takeover bid for Yahoo! and earlier this week, we covered every angle of the story possible, to the point that one of our readers asked, WTF?
We decided to tone it down a bit, but it’s been a few days since we talked about the deal at all, so it’s high time we dust off the dossier and look at what’s happening. The storyline is mezmerizing, a real soap opera. continue reading...
Assuming the Microsoft takeover of Yahoo! consummates, the investment bankers will be making a fortune:
The four advisers, Goldman Sachs , Lehman Bros., Morgan Stanley and Blackstone stand to make as much as $1.3 billion between them, analysts and experts said. continue reading...
