Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

At $1.1Billion Tumblr Is Worth More Than The Combined Value of Oando, Forte Oil, Okomu Oil, And The Entire ICT Sector

Nairametrics by Nairametrics
May 21, 2013
in Company News
At $1.1Billion Tumblr Is Worth More Than The Combined Value of Oando, Forte Oil, Okomu Oil, And The Entire ICT Sector
Share on FacebookShare on TwitterShare on Linkedin

photo-2

It’s no news that Yahoo is buying Tumblr for $1.1billion even though Tumblr generated just $13million in income last year and projects $100million in 2013. The valuation as it stands is higher than the combined market value of Oando (N35.2billion or N220million) , Forte Oil (N15.3billion or $95.6million, Okomu Oil (N51.4billion $321million)and the Entire ICT Sector (N62.6billion or $391million) as at May 20, 2013.

American Investors use several unorthodox metrics in valuing tech companies which is why conservatives like Warren Buffet hardly touch such stocks. For Yahoo buying Tumblr simply gives them an access to millions of people and an extra advertising outlet for the main business. Even at the projected $100million in projected revenue Tumblr is still just $37million more than the $63million Okomu Oil made last year. Would you rather own Tumblr or Oando??

RelatedPosts

The basics of investing in Nigerian Stocks

Nigerian Stocks on track to close 2021 in single digits

Related

Tags: DeepdiveNews ReviewNigerian Stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Lagos to increase waste evacuation charge by 50%, to prosecute residents without waste bin from October 1
    • Nigeria’s banking sector leads, attracts $1.47 billion foreign inflows in six months
    • BridgeGap Introduces Innovative App, 56 Bridge, to Ease Recruitment Processes, Improve Efficiency

    Follow us on social media:

    Recent News

    Lagos to increase waste evacuation charge by 50%, to prosecute residents without waste bin from October 1

    Lagos to increase waste evacuation charge by 50%, to prosecute residents without waste bin from October 1

    August 11, 2022
    Foreign portfolio investments in Nigeria drops by 77.4% in Q1 2021

    Nigeria’s banking sector leads, attracts $1.47 billion foreign inflows in six months

    August 11, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com