Yeah but I think the debt risk was also way underestimated by the banks. I mean, bankruptcy risk was already pretty high for Twitter under its previous manageme

Yeah but I think the debt risk was also way underestimated by the banks. I mean, bankruptcy risk was already pretty high for Twitter under its previous management. The terms of the debt seemed to me to reflect the acquisition reducing that risk, which was insane, and not just in hindsight. I don't think there's an explanation for it that doesn't involve the consumption of a large amount of kool-aid.