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Since Steve Ballmer Retired 10 Years Ago, Microsoft's Valuation Has Increased 10X
"When Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the software company was mired in mediocrity," writes CNBC, noting that Microsoft's market cap was just over $300 billion. "A decade later, Microsoft's valuation has swelled tenfold, to $3.06 trillion, making it the worl...
As Nadella marks his 10-year anniversary at the helm, he's widely praised across the tech industry for changing the narrative at Microsoft, whose stock fell 30% during Ballmer's 14 years at the top. In a 2020 interview, Pat Gelsinger, then CEO of VMware, said offering his company's software on Microsoft's Azure cloud was akin to a "Middle East peace treaty...." In the Nadella age, Microsoft has also contributed to open-source projects, released software under open-source licenses and released a version of its Teams communications app for Linux... In addition to GitHub, Nadella has made pricey acquisitions such as LinkedIn, Minecraft parent Mojang, and Nuance Communications that have contributed to Microsoft's top line.
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