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Just curious, are companies like Snap going out an getting massive loans to facilitate hiring?
by mym1990 4y ago
Just curious, are companies like Snap going out an getting massive loans to facilitate hiring?
- colinmhayes 4y agoLooks like snap has $4b in debt, up from around 1 before the pandemic.
- azemetre 4y agoI mean they initially raised ~$5 billion in multiple rounds when first started in 2011. [1] I doubt they could raised an equivalent amount if they started in say 2018 in the current environment. [1] https://www.crunchbase.com/organization/snapchat https://www.crunchbase.com/organization/snapchat Snapchat just recently had its first ever profitable quarter, 2021Q4, since going public. That's a bad look, I also doubt this story will hardly be unique in the upcoming year (more tech layoffs from "unicorns").