Comment on Why this top Silicon Valley investor was 'disappointed' that LinkedIn sold out to Microsoft (LNKD, MSFT)

Why this top Silicon Valley investor was 'disappointed' that LinkedIn sold out to Microsoft (LNKD, MSFT)

MicrosoftWhen Social Capital partner Chamath Palihapitiya woke up to the news that Microsoft bought LinkedIn for $26 billion, he was stunned. And it wasn't just because of the price tag. Palihapitiya told Business Insider: "One, that's immense courage by Microsoft to basically put themselves out there. "Two, that's a really courageous thing for Jeff [Weiner, LinkedIn's CEO] and Reid [Hoffman, LinkedIn's founder] to basically decide that they could do more for their employees by giving them a buffer and safe harbor of being a part of the Microsoft family." Palihapitiya had watched as LinkedIn's stock "collapsed on basically air" in February, falling 43.6% in one day and shaving off $11 billion from its market value.

 

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