Alibaba is flying high, with the Chinese Internet giant’s post-IPO value at around $300 billion. Yahoo owns a good chunk of Alibaba, so Marissa Mayer’s company is along for the glory ride. But one investor is pointing out that Yahoo’s ride could be a lot more fun if Yahoo’s previous CEO, Scott Thompson, hadn’t sold 20% of its stake in Alibaba back in 2012.
Eric Jackson says that decision today leaves Yahoo $54 billion short of where it might have been. That essentially would double the value of Yahoo, which is currently around $48 billion. Others point out that the Alibaba IPO might not have happened without Yahoo’s sale, which may have helped set the process in motion. Hindsight, we’re reminded, is 20/20 at least.
Never forget: Scott Thompson sold20% stake in $BABA 2 yrs ago to save his job@ a$30B val. He left $54B on table. $YHOO‘s mkt cap is $48B now
— Eric Jackson (@ericjackson) November 10, 2014
