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NullTuples

(6,017 posts)

3. Who are the other three, and did they all really loan $12.7 bn w/o a plan?

Reply to brooklynite (Original post)

Tue Nov 1, 2022, 06:56 PM

Nov 2022

"and will probably end up incurring huge losses on the financing package."

So why did they choose to do so?

Something is not adding up here...unless the purpose has more to do with politics.

As in, a long term investment in the 2024 elections that is expected to make $12.7 bn look like a payday loan.

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Banks prepare to hold $12.7bn Twitter debt on books until early 2023 [View all] brooklynite Nov 2022 OP

Then They'll Pass Their Losses Onto Consumers nt SoCalDavidS Nov 2022 #1

While also taking advantage of any potential writeoff on their corporate taxes. cstanleytech Nov 2022 #17

Must be nice to be able to get banks to loan you billions of dollars VMA131Marine Nov 2022 #2

My god are you right! 12.7 billion loan without a business plan! bronxiteforever Nov 2022 #5

And will any financial media ask these questions of the bankers? exboyfil Nov 2022 #10

Who are the other three, and did they all really loan $12.7 bn w/o a plan? NullTuples Nov 2022 #3

Whose money got loaned? Investors or cash assets of the financial companies? OAITW r.2.0 Nov 2022 #4

Business Plan smb Nov 2022 #6

This deal never made financial sense and I was surprised that Musk got financing LetMyPeopleVote Nov 2022 #7

Remember Murdoch's loss when he bought Myspace in 2009 for $580 million. It failed miserably. Obvious85 Nov 2022 #8

Murdoch bought My Space in 2005. My Space continued to grow until 2009 LeftInTX Nov 2022 #9

Awfully stupid of them to lend Miguelito Loveless Nov 2022 #11

What stupid fucks Joinfortmill Nov 2022 #12

Why does Musk need to borrow money? Bayard Nov 2022 #13

He borrowed (margin loan) a bunch more against his Tesla stock for his portion Hassin Bin Sober Nov 2022 #14

There's one SLIGHT problem with this plan jmowreader Nov 2022 #15

I'm no financial wizard, but normally you have a business plan before you get the loans ashredux Nov 2022 #16

Where I grew up they called people like these bankers "dumb fucks". twodogsbarking Nov 2022 #18