2 ms·
Maybe it’s like Google handing back all the money it made in its early years from advertising gray/black-market pharmacies and prescribing mills. They needed t
by Scoundreller 3y ago
Maybe it’s like Google handing back all the money it made in its early years from advertising gray/black-market pharmacies and prescribing mills.
They needed the money then, and had no problem paying it back in 2011, many years later. And if they went bankrupt, well, no way to pay back anyway.
Classic “heads we win, tails you lose” situation.
Cheaper source of capital than venture capital. And no hit to the cap table.
https://theguardian.com/technology/2011/aug/24/google-settles-us-drug-advertising-case https://theguardian.com/technology/2011/aug/24/google-settle...