Gates Looses $3 Billion from Personal Fortune in Yahoo Bid; Tech Stocks Plummet

zekrahminator · Feb 15, 2008, 01:38 AM

It seems that Yahoo isn't the only one suffering from the failed buy-out of Yahoo by the hand of Microsoft. Sir William Gates III is reported as having lost over $3 billion USD from his personal fortune in Microsoft stock just from trying to buy Yahoo. However, Gates' fortune is just the tip of the iceberg. Microsoft CEO Steve Ballmer, Google bosses Sergey Brin, Larry Page and Eric Schmidt, and Dell founder Michael Dell all are watching their fortunes and stock values plummet "like a team of free falling elephants." Even Steve Jobs, who should be swimming in the pool of wealth his entertainment gadgets have given him, is instead watching in horror as his share price looses a whopping 40% value in the stock market. Jobs, personally, has lost over $400 million in the past six weeks.

Source: The Inquirer

Cold Storm · Feb 15, 2008, 01:41 AM

WOW... I can't say any more... Who would of knew that Yahoo saying no to the Super Power, would do something like this! Way to go Yahoo!

tiys · Feb 15, 2008, 01:43 AM

Quote:

Originally Posted by zekrahminator

Jobs, personally, has lost over $400 million in the past six weeks.

is he the Apple guy?

Basard · Feb 15, 2008, 01:46 AM

Maybe this is how MS planned it. Maybe the figured, if they didn't get yahoo, everybody would suffer anyways. And it's not like MS is suffering, they still have another 50 Bagillion dollars.

Kreij · Feb 15, 2008, 01:50 AM

The NASDAQ is taking a beating at the moment, I am sure that their "fortunes" are not just taking the beating from the failed Yahoo buyout.

Even so, Gates is worth what? Aoubt 50 Billion? a 3 billion loss is inconsequential.
It's like having $50 and buy 3x $1 lottery tickes and not winning.

Cold Storm · Feb 15, 2008, 01:52 AM

Quote:

Originally Posted by tiys

is he the Apple guy?

Yeah. Steve Jobs is the guy who runs Macantoish, Apple

tiys · Feb 15, 2008, 01:54 AM

Thats what I thought but i wasn't quite sure

wazzledoozle · Feb 15, 2008, 01:55 AM

I'm sure the yahoo stockholders are pretty spiteful right now. I would be.
Watch Yahoo go under here in the next few months because of this.

Kreij · Feb 15, 2008, 02:01 AM

I'm not sure what to make of this whole thing. While the Yahoo shareholders would probably see a rally in the share value initially, the maintained value could be questioned if MS couldn't do something to make the whole move more profitable.

Plus given the fact that MS was looking at borrowing the funds to make the deal, they would have to overcome any incurred debt before realizing the profits.

Not saying they could not do it, just don't know how the whole thing would play out. IT's a pretty fickle market at the moment.

mab1376 · Feb 15, 2008, 03:12 AM

Say hello to the next depression.

first the CEO's and big wigs get hit then more and more you'll see the economy die. or not, i'm just a pessimist when it comes to speculation.

TheGuruStud · Feb 15, 2008, 05:47 AM

Quote:

Originally Posted by mab1376

Say hello to the next depression.

first the CEO's and big wigs get hit then more and more you'll see the economy die. or not, i'm just a pessimist when it comes to speculation.

That's true, but you know the real cause of our downward spiral.

(if someone hasn't figured it out since 2001, it's the evil SOBs all over in Govt and every major bank)

a111087 · Feb 15, 2008, 05:48 AM

Quote:

Originally Posted by mab1376

Say hello to the next depression.

first the CEO's and big wigs get hit then more and more you'll see the economy die. or not, i'm just a pessimist when it comes to speculation.

I hope that you are one really big pessimist, or else...

Ravenas · Feb 15, 2008, 06:32 AM

Guys, there is some interesting stuff going on in the Tech world today.

ThePoliceAreOutside · Feb 15, 2008, 11:22 AM

Quote:

Originally Posted by Ravenas

Guys, there is some interesting stuff going on in the Tech world today.

What?

evil bill · Feb 15, 2008, 12:59 PM

This is awful - somebody should do something to help these poor billionaires in their time of need. Perhaps a fund raiser or benefit concert

Ravenas · Feb 15, 2008, 02:33 PM

Quote:

Originally Posted by ThePoliceAreOutside

What?

Read the article.

das müffin mann · Feb 15, 2008, 02:43 PM

Quote:

Originally Posted by evil bill

This is awful - somebody should do something to help these poor billionaires in their time of need. Perhaps a fund raiser or benefit concert

i agree with have to do all we can to help these poor poor billionairs, maybe a benifit diner followed by a concert?

mab1376 · Feb 15, 2008, 03:25 PM

well i'm everyone has heard of the $600 tax free rebate everyone who made over $3000 in the US will be getting between may and june, and $1200 for couples + $300 per child. i think Mr. Gates should personally double everyones rebate out of pocket.

Ravenas · Feb 15, 2008, 03:28 PM

Quote:

Originally Posted by mab1376

well i'm everyone has heard of the $600 tax free rebate everyone who made over $3000 in the US will be getting between may and june, and $1200 for couples + $300 per child. i think Mr. Gates should personally double everyones rebate out of pocket.

Lol, I find this adminstration's way of stimulating the economy pretty funny...Although, you'll hear no complaints from me

AsRock · Feb 15, 2008, 03:42 PM

MS lose money and yahoo lose to much money way to go MS you BEEEP..

Co_Op · Feb 15, 2008, 03:54 PM

Bill Gates lost 3 Billion $. I lost my .02$
NOW I really don't give a f*ck

XooM · Feb 15, 2008, 04:15 PM

Woah, bill gates loosed money? He let money loose? or did he lose it? -_-

evil bill · Feb 15, 2008, 05:07 PM

Quote:

Originally Posted by Co_Op

Bill Gates lost 3 million $.

$3 BILLION, not million

Assimilator · Feb 15, 2008, 06:20 PM

Haha XooM - I was going to point out the spelling mistake in this article's title but you did it more eloquently than I ever could have

.

Co_Op · Feb 15, 2008, 07:06 PM

Quote:

Originally Posted by evil bill

$3 BILLION, not million

So that's like me loosing .02 x 1000 = 20$.
No, I still don't care

If at least it would be 100 billions, then I'd give a f*ck, because he'd be broke

Feb 15, 2008, 01:38 AM	#1
zekrahminator McLovin Join Date: Jan 2006 Location: My house. Posts: 6,280 (2.35/day) Thanks: 105 Thanked 340 Times in 246 Posts System Specs	Gates Looses $3 Billion from Personal Fortune in Yahoo Bid; Tech Stocks Plummet It seems that Yahoo isn't the only one suffering from the failed buy-out of Yahoo by the hand of Microsoft. Sir William Gates III is reported as having lost over $3 billion USD from his personal fortune in Microsoft stock just from trying to buy Yahoo. However, Gates' fortune is just the tip of the iceberg. Microsoft CEO Steve Ballmer, Google bosses Sergey Brin, Larry Page and Eric Schmidt, and Dell founder Michael Dell all are watching their fortunes and stock values plummet "like a team of free falling elephants." Even Steve Jobs, who should be swimming in the pool of wealth his entertainment gadgets have given him, is instead watching in horror as his share price looses a whopping 40% value in the stock market. Jobs, personally, has lost over $400 million in the past six weeks. Source: The Inquirer

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Feb 15, 2008, 01:41 AM	#2
Cold Storm Battosai Join Date: Oct 2007 Location: In a library somewhere on this earth Posts: 10,566 (5.14/day) Thanks: 4,242 Thanked 3,047 Times in 2,493 Posts System Specs	WOW... I can't say any more... Who would of knew that Yahoo saying no to the Super Power, would do something like this! Way to go Yahoo! __________________ The only way success is before work, is in the dictionary Support for the mind. Support for your hardware

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Feb 15, 2008, 01:46 AM	#4
Basard Join Date: Dec 2006 Location: Oshkosh Posts: 529 (0.22/day) Thanks: 12 Thanked 36 Times in 34 Posts System Specs	Maybe this is how MS planned it. Maybe the figured, if they didn't get yahoo, everybody would suffer anyways. And it's not like MS is suffering, they still have another 50 Bagillion dollars. __________________ Heatware.

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Feb 15, 2008, 01:50 AM	#5
Kreij Hardcore Monkey Moderator Join Date: Feb 2007 Location: Cheeseland (Wisconsin, USA) Posts: 12,133 (5.27/day) Thanks: 591 Thanked 5,494 Times in 2,938 Posts System Specs	The NASDAQ is taking a beating at the moment, I am sure that their "fortunes" are not just taking the beating from the failed Yahoo buyout. Even so, Gates is worth what? Aoubt 50 Billion? a 3 billion loss is inconsequential. It's like having $50 and buy 3x $1 lottery tickes and not winning. __________________ Cloud (noun, singular): A dynamic arrangement of multiple potential single points of failure, with a user at one end and their data at the other. Get more tech news on a wide variety of topics at NextPowerUp

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Feb 15, 2008, 01:54 AM	#7
tiys Banned Join Date: Feb 2008 Location: The Keystone State (Pennsylvania) Posts: 253 (0.13/day) Thanks: 87 Thanked 28 Times in 23 Posts System Specs	Thats what I thought but i wasn't quite sure

Feb 15, 2008, 01:55 AM	#8
wazzledoozle Join Date: Aug 2004 Location: Seattle Posts: 4,316 (1.35/day) Thanks: 23 Thanked 166 Times in 89 Posts System Specs	I'm sure the yahoo stockholders are pretty spiteful right now. I would be. Watch Yahoo go under here in the next few months because of this. __________________ *bellybuttons are great holes, their single purpose is to suck up pinkys* -DanTheBanjoman

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Feb 15, 2008, 02:01 AM	#9
Kreij Hardcore Monkey Moderator Join Date: Feb 2007 Location: Cheeseland (Wisconsin, USA) Posts: 12,133 (5.27/day) Thanks: 591 Thanked 5,494 Times in 2,938 Posts System Specs	I'm not sure what to make of this whole thing. While the Yahoo shareholders would probably see a rally in the share value initially, the maintained value could be questioned if MS couldn't do something to make the whole move more profitable. Plus given the fact that MS was looking at borrowing the funds to make the deal, they would have to overcome any incurred debt before realizing the profits. Not saying they could not do it, just don't know how the whole thing would play out. IT's a pretty fickle market at the moment. __________________ Cloud (noun, singular): A dynamic arrangement of multiple potential single points of failure, with a user at one end and their data at the other. Get more tech news on a wide variety of topics at NextPowerUp

Feb 15, 2008, 03:12 AM	#10
mab1376 Join Date: Oct 2006 Location: Long Island, NY Posts: 866 (0.36/day) Thanks: 117 Thanked 47 Times in 38 Posts System Specs	Say hello to the next depression. first the CEO's and big wigs get hit then more and more you'll see the economy die. or not, i'm just a pessimist when it comes to speculation. __________________ Current 3DMark11 score Heatware

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Feb 15, 2008, 06:32 AM	#13
Ravenas Join Date: May 2007 Location: Tennessee Posts: 3,997 (1.82/day) Thanks: 387 Thanked 318 Times in 245 Posts System Specs	Guys, there is some interesting stuff going on in the Tech world today.

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Feb 15, 2008, 12:59 PM	#15
evil bill Join Date: Jan 2006 Location: Scotland Posts: 368 (0.14/day) Thanks: 28 Thanked 15 Times in 14 Posts System Specs	This is awful - somebody should do something to help these poor billionaires in their time of need. Perhaps a fund raiser or benefit concert

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Feb 15, 2008, 03:25 PM	#18
mab1376 Join Date: Oct 2006 Location: Long Island, NY Posts: 866 (0.36/day) Thanks: 117 Thanked 47 Times in 38 Posts System Specs	well i'm everyone has heard of the $600 tax free rebate everyone who made over $3000 in the US will be getting between may and june, and $1200 for couples + $300 per child. i think Mr. Gates should personally double everyones rebate out of pocket. __________________ Current 3DMark11 score Heatware

Feb 15, 2008, 03:42 PM	#20
AsRock TPU addict Join Date: Jun 2007 Location: US\ Uk Born Posts: 8,800 (4.07/day) Thanks: 1,680 Thanked 1,348 Times in 1,170 Posts System Specs	MS lose money and yahoo lose to much money way to go MS you BEEEP..

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Feb 15, 2008, 03:54 PM	#21
Co_Op Join Date: Jan 2008 Location: Cluj.RO Posts: 51 (0.03/day) Thanks: 5 Thanked 10 Times in 9 Posts System Specs	Bill Gates lost 3 Billion $. I lost my .02$ NOW I really don't give a fck __________________ Last edited by Co_Op; Feb 15, 2008 at 07:12 PM. Reason: So Bill lost 3750 Bill-Dollars instead of 3,75 Bill-Dollars, he still has 68750 Bill-Dollars :D*

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Feb 15, 2008, 04:15 PM	#22
XooM Join Date: Oct 2004 Location: Close to FrozenCPU.com Posts: 478 (0.15/day) Thanks: 9 Thanked 7 Times in 5 Posts System Specs	Woah, bill gates loosed money? He let money loose? or did he lose it? -_- __________________ “yeah i'm sorry .. i'm not so good at programming.. i just started” -W1zzard

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Feb 15, 2008, 06:20 PM	#24
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