• yes_this_time@lemmy.world
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    10 hours ago

    This is backwards. It’s confusing because the article has two statement related to value.

    The value of the company went up in the first half of the year (so the notes held by lenders go up, and company books as loss)

    Separately, the article reports on the expected hopeful IPO value from investors, and that went down. That’s more forward looking.