Hacker News new | ask | show | jobs
by mathattack 1428 days ago
IBM’s stock price is roughly flat over the past 5 years. https://finance.yahoo.com/quote/IBM/

The S and P is up 50%. https://finance.yahoo.com/quote/%5EGSPC/

Go back 10 years and IBM is down roughly a third while the S and P has almost tripled. This is while IBM has been doing massive buybacks to raise the price.

Is that farcical?

What’s interesting is a Mongo employee looking at IBM as a role model. This confirms the “get in and then and then squeeze your customers” strategy.

Just be careful. As an employee, the endgame isn’t pretty when the company realizes that young auditors are cheaper than old salespeople and engineers.

1 comments

I don't think I mentioned role model. We most definitely don't model ourselves on IBM. I was just pointing out their longevity which is impressive to me.