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> This is a substantial amount of his wealth, close to a fourth of it at that time He debt financed the buyout. While he had to put up a non-trivial amount of
by giantrobot 3y ago
> This is a substantial amount of his wealth, close to a fourth of it at that time
He debt financed the buyout. While he had to put up a non-trivial amount of his own money he also borrowed a non-trivial amount of money. Part of Twitter's problems today is paying an extra billion dollars a year in interest payments on those loans.