Loans of around $13 billion have remained 'hung'
for nearly two years, bringing in interest payments but weighing on banks' balance sheets
https://old.reddit.com/r/news/comments/1ex0s24/elon_musks_twitter_takeover_is_now_the_worst/
Loans of around $13 billion have remained 'hung'
for nearly two years, bringing in interest payments but weighing on banks' balance sheets
https://old.reddit.com/r/news/comments/1ex0s24/elon_musks_twitter_takeover_is_now_the_worst/
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Can't read the article but I'm guessing this some
journ*list who sees loans made when rates were lower being discounted due to their lower interest rates and then extrapolating it's because X is a bad business.
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Its more that Twitter was a terrible purchase that was massively overvalued. Twitter simply doesn't have the revenue to play back the loans. There's a reason Elon tried to back out.
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