Musk bought X with a combination of his own money, bank loans and capital raised from friends and associates. Here’s how far underwater his investors are today.
They said on Trashfuture that the banks who financed Musk’s Twitter takeover are unable to resell the debt. They are now stuck with a large and essentially worthless asset that is hanging like an albatross around the legs of their portfolios.
This has allegedly already caused some bankers to not get their bonuses.
They said on Trashfuture that the banks who financed Musk’s Twitter takeover are unable to resell the debt. They are now stuck with a large and essentially worthless asset that is hanging like an albatross around the legs of their portfolios.
This has allegedly already caused some bankers to not get their bonuses.
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