The first thing a GPS says:
Skype is profitable, according to eBay.
So that's profitable, as in they bring in more revenue than expenses.
But is it a reasonable profit for a company worth $2.9B?
Unfortunately for eBay, they originally bought them for quite a bit more.
EBay bought Skype in 2005 for $2.6B.
EBay sold 65% of Skype in 2009 for $1.9B (so the new value is $1.9B/.65 = $2.9B).
So - no, not "quite a bit more".
Well that's because there wasn't anything, strictly speaking, illegal done.
Nothing illegal done? Let's start with the dishonest loan brokers. Those brokers had people come in with a $40,000/yr salary, but put on the application that the salary was $160,0000/yr. Of course, these were no-doc loans, so no documentation was required. There was a lot of of fraud going on. Let's send a few thousand loan brokers to jail. Anyone with me?
The faster I go, the behinder I get. -- Lewis Carroll