Print media and social media website that have literally never made a profit?
With the amount of money they use to buy media conglomerates there are much better investment opportunities, this guy paid half a billion cash for and like another 90 million of assumed debt.
Almost a sixth of the price was bills the company couldn’t pay because it’s unprofitable.
Oh don’t be mistaken, it’s also to make money.
Oh yes…
Those amazing profit margins from…
Print media and social media website that have literally never made a profit?
With the amount of money they use to buy media conglomerates there are much better investment opportunities, this guy paid half a billion cash for and like another 90 million of assumed debt.
Almost a sixth of the price was bills the company couldn’t pay because it’s unprofitable.