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But the reason they had so many billions cash on hand was the huge round they rased last year via Goldman Sachs. Investors certainly participated in that with
by encoderer 14y ago
But the reason they had so many billions cash on hand was the huge round they rased last year via Goldman Sachs.
Investors certainly participated in that with the expectation that they could exit with profit in the near future.
In other words, they took a payday advance (with very generous terms to the borrower). You still need the payday.