Twitter is sui generis because they were acquired impulsively by a maniac. But for the others, I think it’s just that interest rates were super low for a long time and now they’ve gone back up to a more historically normal level.
Twitter is sui generis because they were acquired impulsively by a maniac. But for the others, I think it’s just that interest rates were super low for a long time and now they’ve gone back up to a more historically normal level.