logoalt Hacker News

moralestapiatoday at 3:51 PM1 replyview on HN

It's still a big mystery to me how they were able to pull billion-dollar acquisitions while being one or two orders of magnitude lower in revenue.

>inb4 leverage

Yeah, I know leverage exists but still, you cannot go to a bank and ask them to help you acquire something 100x worth your cap.


Replies

adwtoday at 3:55 PM

Leverage. They’re essentially an 80s style junk bond LBO house.