![]() ![]() Never in my wildest dreams, could I have imagined what would happen in the next 7½ years. My rationale for joining LinkedIn was simple: The opportunity to work with Reid Hoffman, a founder I greatly admired and respected to join an extremely talented and dedicated team and to massively scale LinkedIn’s membership and business, both of which had the potential to fundamentally transform the way the world connects to opportunity. See Weiner’s full letter below, which the CEO posted to LinkedIn on Monday:ĭecember 15th, 2008, marked the first day of the best job I’ve ever had. ![]() The LinkedIn CEO also said the company would remain a fully independent entity within Microsoft. ![]() Weiner shared some ideas for how LinkedIn’s services could be integrated into Microsoft’s products, such as weaving LinkedIn’s graph into Outlook, Calendar, Office, Windows, and other Microsoft apps. Read more: All the Apps Microsoft Has Bought Over the Past 2 Years “It was the latter point that first had me thinking we could make this work, but it was his thoughts on how we’d do it that got me truly excited about the prospect.” “The Microsoft that has evolved under Satya’s leadership is a more agile, innovative, open and purpose-driven company,” Weiner wrote. Weiner mentions Microsoft CEO Satya Nadella’s leadership as a driving factor. In an email to LinkedIn employees, LinkedIn CEO Jeff Weiner explained why he decided to sell the company to Microsoft. Microsoft declined to comment on the prospect of spinning out Windows and Office.Ĭorrection: This story has been updated to reflect that Ben Slivka owns 100 shares of Microsoft stock.Microsoft announced Monday that it would acquire professional networking site LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion. Microsoft has been widening the gross margin of Azure for years, but analysts don't believe it's approaching Windows' levels yet. Analysts at UBS in November estimated that 12% of Microsoft's total revenue will come from Windows and that it will contribute around 17% of total gross margin. Over one-third of third-quarter revenue was derived from Office products and its cloud services (excluding Azure) and Windows. What's more, letting go of Windows and Office would have large implications on Microsoft's revenue picture. Judson Althoff, Microsoft's chief commercial officer, was quoted at the time saying the software maker has "a longstanding relationship" with 169-year-old Wells Fargo. Wells Fargo itself revealed a plan to use Azure, as well as Google's cloud, in September. He assigned a $3 trillion market value for the entire company at the end of 2023 - with profitable Azure worth half that. Turrin, in a November note that included the equivalent of a buy rating for Microsoft, estimated that Azure would exceed AWS in market share in 2028. Many in the tech industry and Wall Street have speculated about Amazon spinning out AWS, for example, although the company has repeatedly said it has no plans to do so. "Part of me says Office is also the productivity moat, and keeping those things together also has a lot of power."Īt the same time, people would love to be able to invest in a more streamlined public-cloud company, he said. "The goodwill Microsoft has built over time presents a very lucrative future still for Azure," Wells Fargo analyst Michael Turrin said in an interview. In its latest annual report on the market, tech industry researcher Gartner said large companies choose Azure after building up trust in Microsoft over the course of many years. Windows and Office continue to enjoy leadership positions in their markets today, and those products help attract customers to Azure, analysts say. Personal Loans for 670 Credit Score or Lowerįew analysts seem to agree with Slivka's point of view, however. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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