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.
He bought Twitter back when cash was cheap. That alone could be a couple billion in valuation at least.
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.