The Early Verdict Is In: Apple Is Down Almost Two Beats

Tyler Durden's picture

Immediately 'excretive'? It seems the early sentiment regarding Tim Cook's decision to purchase private company Beats is that it is not helping... (likely more crucially... it's $3.2bn that is not going to buybacks and the market is upset about that). It's early yet though...

 

 

However the plight of Apple shareholders is completely irrelevant to one guy: here is Dre's reaction to becoming the first rapper billionaire:

 

We are still looking for a clip showing how Carlyle's David Rubenstein reacts to making a nearly 500% IRR on its $500 million investment in beats last September.