Well, it doesn't look so good:

http://variety.com/2018/digital/news/twitter-soundcloud-investment-writedown-1202709415/

Going from a valuation of 700M to 150M doesn't bode well. Original investors got kicked out with no payback and Twitter had to write off 66M of their 70M investment.

I think this is what "circling the drain" looks like.

Bob


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