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Large shareholders were moved to equity upon purchase. In other words..the Saudi you are referencing was a large shareholder of the “Old Twitter”. That’s alon
by codeddesign 3y ago
Large shareholders were moved to equity upon purchase.
In other words..the Saudi you are referencing was a large shareholder of the “Old Twitter”.
That’s along the lines of “how much did Russia fund Facebook”
VTB (sanctioned bank) funded Facebook in the tune of $1bn. It also funded Twitter in 2011 for $191m.
- BulgarianIdiot 3y agoBuying shares is not funding. Unless the shares are emitted from the co itself. Which happens during IPO and dilution only.