Amazon issued $1.25 billion in convertible debt in 1999: https://www.wired.com/1... | Hacker News

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frankchn 9 months ago | parent | context | favorite | on: J.P. Morgan's OpenAI loan is strange

Amazon issued $1.25 billion in convertible debt in 1999: https://www.wired.com/1999/01/an-amazonian-debt/

dmurray 9 months ago [–]

Convertible debt is very different: if you do the same (simplistic) analysis as in the article, it behaves almost like the equity example, not the debt one.

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