At this point, I believe they just did not want to be associated with bitcoin or crypto and all the ideologies that comes with it. Because with how big their company is, I am sure that they can afford to take a little bit of risks and not to mention that bitcoin has proven itself to be profitable despite being volatile. So that could only be the explanation.
In other words, they are an example of collective stupidity at its finest.
What is the real purpose of this topic? Are you a Microsoft shareholder and you feel they have made you miss out on a huge opportunity to make a profit? Or are you feeling angry because they decided not to invest in bitcoin, and that couldn't push the price of bitcoin higher so you could make more profit?
Since owning bitcoin I stopped investing in the stock market because of all the counter-party risk and having
to deal with the humans who run the companies, having to keep up with the news and ever-changing financials and
of fundamentals of each company, etc. to figure out of you should keep holding or just dump it.
That is a lot of stress and time spent. To me it's not worth it anymore. Hundreds of great companies have gone bankrupt,
or destroyed their reputation, etc. over the years because of the poor decisions of the people running them,
and/or because of incompetence, corruption, etc.
Boeing is a poster child example of that, and even Tesla to a lesser extent with such a erratic CEO running it.
Are you going to tell me we shouldn't judge Boeing for deciding to abandon safety and quality in the name
of maximizing profits at all costs? That it was just a "business" decision? It's no big deal right?
Hopefully Microsoft won't end up like Boeing, but you never know with any company.
Ten years ago no one could imagine Boeing's fall from grace would be so spectacular.
Public companies are supposed to be transparent with their decisions. Providing no more than a vague
"we have studied it and decided not to do it" is not a reason. That is not being transparent.
But it seems people are still quick to defend the terrible decisions of legacy companies even on a bitcoin forum.
That is what bitcoin was made for. Bitcoin is a trustless alternative to centralized human decision-making
and human-run institutions, which history shows often ends badly. Those you trust the most often end
up breaking your trust. But with bitcoin you don't have to trust.