Yet another indication that duh economy is BOOMING, citizen!

Say, did you hear?  The economy is BOOMING!  

And in the latest faaabulous big deal in the world of powerful companies, a company called Ziff-Davis has acquired a company called CNet from owner Red Ventures for a whopping $100 million bucks!

Wow!  Just the fees and commissions to the layers of advisors on that deal will buy lots of fabulous homes and cars for insiders, eh?  It's just one more indicator of ouah BOOMING economy thanks to the leadership of the harris/biden regime.

Wait...what?  Y'say Red Ventures had bought CNet just four years earlier?  Wow, how much did they make from that buy/sell?  Y'say $500 million?  Wow!  

Wait, my bad: y'say they *bought* CNet for $500 mill?  Gosh, that can't be right!  Cuz that would mean they'd *lost* (taps calculator)...$400 MILLION in just...four years??  Wow, down 80 percent in just four years!  Sounds like buying the execs at Red Ventures made a really bad decision!

Out of curiosity, who owned CNet before Red Ventures bought it?  Ahh, CBS y'say?  When did they buy it and what did they pay for it?

Y'say 2008, for $1.8 BILLION, with a B?  Gosh, that would mean the brilliant execs at CBS lost $1.3 BILLION in, um, 12 years? Wow, that's a loss of (taps calculator) just over $100 million a year.  Wow.  

Those execs are sure earning their million-dollar salaries by making those faabulous acquisitions, eh?  How the hell do people get  paid such astronomical salaries for making such stupid decisions?

It's a mystery.  Oh wait...who's the Dem nominee for president again?  Wow, the exact same principle seems to be at play there.

Source.

https://www.hollywoodreporter.com/business/business-news/cnet-sold-broadcasting-cable-shut-down-axios-layoffs-1235966967/