He wrote, "Bill also had a difficult time figuring out how to respond to the opportunity/threat of the Internet. Related: 5 Habits of the Wealthy That Helped Them Get Rich Daniel Sheehan | Liaison | Getty Images When he underestimated the power of the internet (and let other companies pass Microsoft online)In a Quora interview, former Microsoft SVP Brad Silverberg claimed that Gates failed to understand just how massively influential the internet would be. Then again, Microsoft's market cap is 1.81 trillion, so it seems to be doing just fine. Now, Apple's market cap is significantly higher than Microsoft's. The era of us thinking that we compete with Microsoft is over.” company to reach a $2 trillion valuation.īloomberg has asked whether it's the worst business deal ever, while ZDnet says it's all been an exaggeration. Perhaps it's best to see what Jobs had to say about the issue at the time in 1997, though: “We have to let go of the notion that for Apple to win Microsoft has to lose. 23 years later, Apple became the first U.S. There's plenty of debate around Microsoft's massive investment in Apple: $150 million in August of 1997, when Apple was just weeks away from bankruptcy. That money helped Apple create its new iMac and, eventually, the iPod. Related: Bill Gates Biography JOHN MOTTERN | AFP | Getty Images When he rescued Apple (and it became bigger than Microsoft) Bing has fallen by the wayside, accounting for just 14% of searches compared to Google's 65%, according to Aborg.Įven Gates admitted this at the World Economic Forum in 2004, saying Google "kicked our butts." Microsoft was already one of the biggest companies on the planet when Google was founded in 1998, but the open-software startup beat Gates's tech giant when it came to creating a clean search engine and attracting users. David McNew | Getty Images When he could have created the world's leading search engine (and let Google do it instead)
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