Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Howard Cragg who wrote (21450)	4/17/1999 1:07:00 PM
From: memflyken2	Read Replies (3) of 27307

That's right, Howard. A 13% float... Peanuts. Remarkable. Anybody who took Economics 101 learned the law of supply and demand. This absurd scarcity of YHOO stock is the key to its remarkable "success." Forget all the other analysis, folks; this is why YHOO has a market cap of 2000x earnings. Not because of page views, Tim Koogle's brilliance, or any kind of new economic paradigm. Just good old fashioned supply and demand. If I'm not mistaken, there's never been a stock with $40 bil market cap with as little as 13% of its stock "in circulation." Anybody know the comparable figures for AOL, MSFT, or for that matter, old reliables like GM and KO? One more question: what happens when Sofbank's 30% gets dumped into the open market at some point? And one more: whose shares, exactly, get used to "buy" Geocities and broadcast.com.? Just curious, and always willing to learn, despite my bearish ways.

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