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moralestapia 3 hours ago

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.

adw 3 hours ago | parent [-]

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