> Loans that Elon Musk used to buy Twitter have become the worst merger-finance deal for banks since the financial crisis of 2008-09, according to a report.
> The Journal reports that banks haven’t been able to sell the debt without taking huge losses, predominantly because of the company’s poor financial performance.
https://finance.yahoo.com/news/elon-musk-twitter-buyout-officially-161518178.html
"Let's lend $13bln to a thirsty edgelord for buying out a web forum, what's the worst that could happen?"
These are deeply, deeply unserious people. 🤡
Michał "rysiek" Woźniak · 🇺🇦 /
npub1af…q5gp4
2024-08-20 22:26:49
Author Public Key
npub1afml2kzwamqxppl50207sf5jwgl3l6ugn6hnuwugtxt7ctnhdtkqjq5gp4Published at
2024-08-20 22:26:49Event JSON
{
"id": "dfa2164324785a558cdfa2fe91ca1d5e500a8ee83547bc6143aa68c8214f8c1b",
"pubkey": "ea77f5584eeec06087f47a9fe82692723f1feb889eaf3e3b885997ec2e776aec",
"created_at": 1724192809,
"kind": 1,
"tags": [
[
"proxy",
"https://mstdn.social/@rysiek/112996699980051218",
"web"
],
[
"proxy",
"https://mstdn.social/users/rysiek/statuses/112996699980051218",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mstdn.social/users/rysiek/statuses/112996699980051218",
"pink.momostr"
],
[
"-"
]
],
"content": "\u003e Loans that Elon Musk used to buy Twitter have become the worst merger-finance deal for banks since the financial crisis of 2008-09, according to a report.\n\n\u003e The Journal reports that banks haven’t been able to sell the debt without taking huge losses, predominantly because of the company’s poor financial performance.\n\nhttps://finance.yahoo.com/news/elon-musk-twitter-buyout-officially-161518178.html\n\n\"Let's lend $13bln to a thirsty edgelord for buying out a web forum, what's the worst that could happen?\"\n\nThese are deeply, deeply unserious people. 🤡",
"sig": "308a58d0a9b5c8715380be1181c4b8b2651660ae8e4eb0d5c7e424cf8e5307e895f003389e477705ad5a8fb4fe4493fe2563efc35057a7f2d9c1d8ed83513b8c"
}