Microsoft cuts another 7,800 jobs, takes $7.6 billion "impairment charge"

[tokilamockingbrd]

MoHasanie said:

Wagram said:

They wasted their money in Mincecraft. Massive risk for something that could fizzle out with the second title.

That was also a bad purchase. In total they spent almost $20bn on those 3 companies :O . 

Microsoft has been jealous of companies like Google, Apple, and Facebook for years that are seen as "cool". The desperately want to have a product that is a hit and makes them cool again. That is why they spent money on those 3, they thought it would help their image, and being seen as "cutting edge" again by consumers would benefit all of their products lines.