Hacker Cinema
Monopoly
모노폴리
2006 · Film · 91 min
Directed by Hang-bae Lee
Kyung-ho is a genius computer programmer who manages the on-line networks of all banks in Korea. One day, he accidentally runs into a man, John, who is an attractive businessman. John invites Kyung-ho to experience his lifestyle in high society. Through these lavish escapades, Kyung-ho is awakened to his hidden desires. As Kyung-ho finds out about a secret project John is working on, John asks him to join him in a plan to illegally withdraw small amounts of money from all the bank accounts across Korea by using Kyung-ho’s genius computer programming skills. With absolute trust in John, Kyung-ho finally joins this huge con game against Korea. Will John and Kyung-ho, who dream of being on top of the world, be the winners of this game?
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1 comment on Hacker News
Presumably this isn't entirely unexpected, and the 'torching' comment is over the top. Microsoft wrote off $6.2B of their AQuantive purchase in July, assuming 2000 days (5 years plus a few months) that is $3.1M per day, roughly 6x the 'torch' rate in this article.
The stock price was already valuing them a lot lower than their pre-OMGPOP buy so this seems more like a recognition of that in order to make their balance sheets look a bit more credible. I had stock positions invested for a while in Activision (90's) and Vivendi (early 2000's) and generally they seemed pretty random. A hit and the price would rocket up, a flop and it plummets down. That suggested to me that a 'fashion' stock (where the product was as much fad/fashion driven as it is quality/non-quality driven) is really only good for trading, not for longer term growth. Got out of both positions at a small profit but a lousy return.
Contrast that with a company like Milton Bradley though, which milked the Monopoly game concept for millions if not a few billion dollars. It seems like games are more like 'books' or 'music' or 'movies' than something more durable like a 'word processor.'
The treatment Zynga getting re-assures me that we aren't in a bubble, in spite of what some would say (although not so much now, which is nice).