▲ | jongjong 4 days ago | |
I wonder how much macroeconomics and politics had to do with Yahoo's situation. During this period, the US had been exporting large amounts of dollars to foreign investors (US going into deficit) and these foreign investors didn't know what to do with all those dollars so they dumped them onto the US stock market. This has been going on for decades. It was the premise of the Japan carry trade. US companies like Google or Facebook would have had access to plenty of capital during this time and maybe it allowed them to be picky. |