It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.
An estimated $4 to $20 billion in value, what is he thinking?
I was thinking about that the other day. It had to have been a cheap loan by current valuations, but a lot of money is tied up in it. It couldn’t have happened at current rates I think they’re hemorrhaging cash even as it stands, thus his panic.
I don’t think it’s adding to his bottom line though, as opposed to his position being less bad than if he went into it at 3x the interest rate.
I was thinking about that the other day. It had to have been a cheap loan by current valuations, but a lot of money is tied up in it. It couldn’t have happened at current rates I think they’re hemorrhaging cash even as it stands, thus his panic.
I don’t think it’s adding to his bottom line though, as opposed to his position being less bad than if he went into it at 3x the interest rate.