this post was submitted on 23 Oct 2024
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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.