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by wefarrell
1144 days ago
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Consider the very first cohort of internet companies - AOL, CompuServe, Yahoo, Ask Jeeves, etc... None of those businesses are around today, but how many of them had their equity erased and had their bondholders take a haircut? I can't say exactly, but my guess is that none of the top 10 biggest internet companies of that era had their equity fully wiped out. |
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