Many people believe that purchasing Wrike for $2.25B at the start of 2021 was the beginning of the end for C-tr-x.
Thought it would be interesting to go back in time and invest that $2,25B in something (heck, anything) else.
So, here is how things might have turned out...
- NASDAQ index fund, Dow Jones Index Fund, S&P 500 index fund - all of them were between 25-29% return in 2021 = around $625 million profit. Shareholders would be happy campers. No job cuts.
- Real estate - specifically self-storage - 57% return in 2021 = around 1,28 billion profit. Shareholders would be jumping up and down. 10% increase in staff. Employees at the manager and below level all get a 5% increase. Profit sharing pays out at 100%.
- Bitcoin - 62% return in 2021 = around 1,4 billion profit. 20% increase in staff and heavy investments made in cutting-edge technology. Something outside of the current portfolio of products as a hedge bet. Like what Apple is doing with wearables and healthcare.
Well, you get the idea. There was money to be made pretty much everywhere except where C-tr-x placed their bets. Hindsight is 20/20 but maybe the money people should just throw whatever $ is left in the coffers on red at the roulette table. Or, maybe put it all on one hand of blackjack. These aren't good bets but, as you can see, there certainly are worse bets.