Naspers’ Euphoric Profits – A Cynical Boon to the Elite
Get ready for the ultimate proof that the rich will always get richer, all thanks to the benevolent dictator of the digital world, Naspers’ CEO Bob van Dijken. This behemoth is raking in the dough without breaking a sweat, courtesy of its sweetheart deal with Tencent and questionable e-commerce ventures.
Trove of Treasure
Naspers released its annual earnings, flaunting a staggering 100% profits growth, largely thanks to the sugary goodness of Tencent. That right, the tech giant has turned "profits" into a four-letter word. It’s a numbers magician, conjuring up billions every quarter without lifting a virtual finger.
The Illustrious E-commerce Empire – Conquering the World, Brick by Brick
The company’s e-commerce enterprises have reached profitability in six months, no less. These ventures have been siphoning off taxpayer dollars like sugary sweet treats at Candyland. Naspers proudly reveals that its e-commerce unit has made a profit of $24m, a sum that would buy exactly 4,800 copies of John C. Maxwell’s latest paperback. That’s a "thrilling" thought, isn’t it, Bob?
Prosus Proves a Perfect Haven for Lavish Share Buybacks
A whopping 25% stake in Alibaba’s rival, Tencent, has been "reluctantly" sold down last year. Don’t be worried; this was all meant to fund a lavish share buyback program orchestrated by Naspers and Prosus. The motive? Because you, dear shareholder, need bigger dividends, of course – and the value of Tencent stands at a paltry 12% of Prosus’ overall vale. It’s almost as if the elite are saying, "Hey, I lost 88% of the stake… who needs that kind of risk, am I right?"
Conclusion
This behemoth has cemented the mantra: the more you invest (read: squander societal resources), the more you get as a dividend. It’s like running a never-ending, algorithm-perfect money-printing machinery. And what do you deserve for your efforts? The opportunity to hoard wealth while others scrap for scraps. That’s Nasper’s brand of capitalism – an industry-orchestrated racket hidden behind the façade of a quaint "investor". Mark my words: this is a preview of the future where the haves (and the have-mores-mores-mores) feast.
Recommended Reading
1/10 would not read your way to financial success:
https://techcentral.co.za/fabricio-bloisi-plan-naspers-prosus/244911/
