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Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files'

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In article <TSUdD.172687$UX7.97786@fx43.iad>, Wolf K
<wolfmac@sympatico.ca> wrote:

> >>> 1st trillion $ company, hacked by a kid.  SMH.
> >>
> >> Saudi Aramco is worth much, much more than $1T and has been hacked
> >> numerous times.  Not sure if it was "kids" though.
> > 
> > <https://www.forbes.com/sites/uhenergy/2017/06/21/how-much-is-saudi-aram
> > co-worth-it-depends-on-the-countrys-institutions/#63727dce7b83>
> >    The eventual valuation of Aramco is hotly disputed. The Saudis have
> >    thrown out a figure of $2 trillion. Analysts doubt this figure. Some
> >    put the valuation as low as $500 billion, which would mean a lean
> >    diversification fund of $25 billion.
> 
> "Worth of a company" is a highly context-dependent term. In the USA, it 
> most often means "capitalization value" (cap value), ie, the value of 
> the outstanding shares.  Elatedly, a lot of companies have used the 
> Trump tax-break to buy back their shares, which paradoxically can reduce 
> the company's cap value. Cap value is not the same as market value, 
> which you really can't know until the company is acquired or merged with 
> another company. Share value is a bet on the future earnings, so cap 
> value is somewhat of an illusion. Delusion, in some cases. Market value 
> is also a bet on the future, so it too is somewhat of an illusion or 
> delusion (the latter is often the case, as a "write-down of 
> acquisitions" a year or three later demonstrates). Then there's social 
> worth, a concept that some economists are beginning to explore. 
> Accountants use still other measures of worth when they prepare the 
> annual balance sheet. Etc.

market cap is not an illusion nor a bet.

it's basic math: number of shares * share price. very simple.

> So of course the valuation of Aramco is "hotly disputed."

it's hotly disputed because their shares are not publicly traded at
this time. 

<https://www.cnbc.com/2018/03/19/saudi-aramco-is-expected-to-list-only-o
n-saudi-stock-exchange-next-year-dow-jones-citing-sources.html>
  Saudi Arabia's state-owned oil giant Aramco, the world's largest oil
  company, is walking back plans for a massive public share offering on
  an international exchange.

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High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' Dick <richard@apple.com> - 2018-08-17 06:10 +0200
  Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' Nomen Nescio <nobody@dizum.com> - 2018-08-17 09:45 +0200
    Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' Nobody <noreply@mixnym.net> - 2018-08-17 07:25 -0500
    Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' Alan Browne <bitbucket@blackhole.com> - 2018-08-17 16:19 -0400
      Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' nospam <nospam@nospam.invalid> - 2018-08-17 17:31 -0400
        Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' Wolf K <wolfmac@sympatico.ca> - 2018-08-18 09:08 -0400
          Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' nospam <nospam@nospam.invalid> - 2018-08-18 10:28 -0400
            Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' Wolf K <wolfmac@sympatico.ca> - 2018-08-18 10:48 -0400
              Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' Nomen Nescio <nobody@dizum.com> - 2018-08-19 12:36 +0200
            Re: High school student hacked into 'unhackable' Apple servers and downloaded 90GB of 'secure files' Nomen Nescio <nobody@dizum.com> - 2018-08-19 11:15 +0200

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