[HN Gopher] Nvidia drops $374M to become its own landlord in San...
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       Nvidia drops $374M to become its own landlord in Santa Clara
        
       Author : anigbrowl
       Score  : 5 points
       Date   : 2024-05-15 21:07 UTC (1 hours ago)
        
 (HTM) web link (sfstandard.com)
 (TXT) w3m dump (sfstandard.com)
        
       | jauntywundrkind wrote:
       | $374m purchase cost / $2.3t market cap to own your property
       | rounds pretty close to zero.
       | 
       | > _Earlier this year, Preylock had quietly auctioned the
       | properties for sale after receiving an unsolicited bid from a
       | foreign buyer._
       | 
       | Really want to know who that bidder was. Was this just a market
       | opportunity, a chance to charge a company hella money, or were
       | there some sovereign interests in trying to take over the land?
       | We won't know even if we do hear the would-be buyers, but
       | espionage or manipulation seems hard to discard out of hand.
       | 
       | Last, a little editorializing: I struggle to imagine the cohones
       | required to name my landlording company Preylock. Truth is
       | stranger than fiction, part 2.3 trillion.
        
       | bsder wrote:
       | Purchasing property generally marks the beginning of the end for
       | a tech company.
       | 
       | Real estate is a lousy investment relative to _anything_ tech.
       | 
       | That was $374M that Nvidia couldn't figure out how to put to use
       | generating more revenue.
        
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       (page generated 2024-05-15 23:02 UTC)