3 ms·
Who cares about the handbook way? Idk. Probably the people who remain at Twitter, and to a certain extent, the investing institutions that were courted to help
by lenerdenator 3y ago
Who cares about the handbook way?
Idk. Probably the people who remain at Twitter, and to a certain extent, the investing institutions that were courted to help fund the acquisition.
Of course, they probably hedged, so they don't care as much, but still.
This is a case study in how concentration of capital in the hands of one person can go terribly wrong for the purposes of resource allocation.
- djbusby 3y agoIsn't Twitter valuation down like 60% from that purchase price? That's a tough hedge.