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.
  • @Blue_Morpho
    2•2 months ago

    I was hoping for some details to explain the mystery.

    • @trolololol
      1•2 months ago

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