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Musk’s Twitter investors have lost billions in value (www.washingtonpost.com)

submitted 2 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] SoyViking@hexbear.net 8 points 2 months ago (1 children)

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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[–] yogthos@lemmy.ml 6 points 2 months ago

🎻

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