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The bigger question in my mind is whether MSFT will reach a $1T market cap because it is essentially behaving like a banker and moving money around, or whether it will genuinely innovate to expand its revenue. If it is the former they are vulnerable to their souffle collapsing. The typical hypey techcrunch headline belies the fact that MSFT is reapproaching where it was two weeks ago in the markets.



> essentially behaving like a banker and moving money around

Modern GAAP makes this impossible to hide thanks to Enron (shuffling cash between subsidiaries).


I suspect they are emulating Apple. 2:45 of Rana Faroohar in 2016 on Apple & capital markets https://youtu.be/-lt5xCFq-RA


Thank you, this was the context I was missing. I'd be curious what the requirements are for public companies to report gains from these types of investments.




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