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> the AOL buyout of Time Warner To be clear, there is a world of difference between IPOs and LBOs. In the risk they create. And in the risk they signal.
by JumpCrisscross 5mo ago
> the AOL buyout of Time Warner
To be clear, there is a world of difference between IPOs and LBOs. In the risk they create. And in the risk they signal.
- mmcwilliams 5mo agoThat may be the case but the idea that non-technical people didn't pay cash for internet products before the dot com boom is fanciful. I would say AOL's acquisition of a legacy media company did signal the peak of a mania the way these IPOs are.