this post was submitted on 23 Jul 2023
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Enough Musk Spam
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I read it in some articles I don’t remember during the process, but a quick google search turned up this for example:
https://www.newsweek.com/elon-musks-twitter-takeover-faces-backlash-over-saudi-financing-1755606
Interesting. I was unaware of other investment groups gone into coalition to make it happen. I was aware of several banks that are on the hook for $44billion though. All of which will definitely not see that money. Morgan Stanley, Bank of America, Mitsubishi UFJ Financial Group, Mizuho, Barclays, Societe Generale, and BNP Paribas.
The fact that such massive loans were taken out to make it happen doomed twitter from the start. The interest alone on these loans makes any monetisation strategy impossible. The company was never going to be able to pay it back.