Mike Isaac

Recent Posts by Mike Isaac

Twitter Takes Out $1 Billion Credit Line

Twitter secured a $1 billion revolving credit agreement ahead of its forthcoming initial public offering, according to a filing submitted to the Securities and Exchange Commission on Tuesday. Revolving credit facilities allow guaranteed funding access for corporations to draw upon, usually for operating expenditures which can fluctuate on a monthly basis. Twitter is expected to debut on the New York Stock Exchange next month.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald