this post was submitted on 21 Aug 2024
132 points (97.8% liked)

Economics

420 readers
165 users here now

founded 1 year ago
132
Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis (www.businessinsider.com)
submitted 1 month ago by MicroWave to c/economics
23 comments fedilink hide all child comments
 
  • Elon Musk's Twitter acquisition ended up being the worst financing deal for banks since 2008, the WSJ said.
  • The $13 billion in loans Musk took out have been stuck on banks' balance sheets.
  • The loans have cut into pay for bankers and lenders' ability to finance other deals, the Journal reported.
you are viewing a single comment's thread
view the rest of the comments
[–] IphtashuFitz 12 points 1 month ago (1 children)

How could you forget publicly telling advertisers to “go fuck yourself”?

[–] [email protected] 8 points 1 month ago

That's a galaxy brain business move, too genius for the genius list.