The WSJ reported on Tuesday that the debt for Musk's Twitter purchase has been stuck on banks' balance sheets, eating into the ability to fund other deals.
  • 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.
  • @trolololol
    0•3 months ago

    Boo hoo either Elon loses or the bank. Anyways.

    • @Blue_Morpho
      2•3 months ago

      I was hoping for some details to explain the mystery.

      • @trolololol
        1•3 months ago

        I’m curious too my popcorn is ready. I’m cheering for the “both can f themselves” side.