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

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On 2018-08-17 17:31, nospam wrote:
> In article <dJednXoaLJ5LsOrGnZ2dnUU7-U2dnZ2d@giganews.com>, Alan Browne
> <bitbucket@blackhole.com> 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.

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

-- 
Wolf K
kirkwood40.blogspot.com
Do you know what they call alternative medicine that’s been proven to 
work? Medicine. (T. Minchin)

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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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