To the bankers’ delight, Facebook is likely going to be a consumer of capital for a very long time as it believes it can “roll up” through a long series of purchases an otherwise disparate social networking industry ripe for a nimble player with a hot product. And cashola.
As a result, the bank will have to spend quite a lot of time educating its new favorite client on other means of raising capital beyond Preferred Securities and Equity. And since the company was started on equity, the ...
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