There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

Churbleyimyam ,

This a beautiful story. Bankers get shafted lending money to apex capitalist.

🤌

Blue_Morpho ,

No one has ever explained how bankers are losing. They say they’ve lost money. Yet the only details are Musk has to make payments and put up Tesla stock as collateral. That a no lose for the banks. They don’t care if Tesla stock crashes, they are making money from selling it.

CaptainPedantic ,

If Tesla’s stock crashes, then the value the banks could get from selling it is much lower.

If Twitter and Tesla go bankrupt, the banks will have loaned out billions to own something worthless.

At least I would assume that’s how it works.

Scipitie ,

The bankruptcy scenario is correct but the first part isn’t: you don’t have X shares as collateral that you can liquidate. Instead, you have collateral to cover sum Y.

As long as the collateral contract covers enough stock positions the bank won’t lose.

That said all of this is assuming standard contracts. If y bank wrote “0% interest and instead 50% of the revenue growth of Twitter” then this would be an easy way to lose money.

Haven’t heard of a stupid banker yet, though, so what would the chances be?

femtech ,

I mean, the 2008 housing market was done by greedy and stupid bankers.

curbstickle ,

Who also made massive profits.

CaptainPedantic ,

Ah! Thank you for the explanation

Vanth ,
@Vanth@reddthat.com avatar

Careful there, bud, you’re singing the siren song of bank bailouts.

uriel238 ,
@uriel238@lemmy.blahaj.zone avatar

The proletariat is still sore about the ones in 2008. They revealed plan the stratified economic system.

walter_wiggles ,

I remember reading that the banks who loaned him the money haven’t been able to sell off the debt.

tja ,
@tja@sh.itjust.works avatar

Some days ago I read an article here that said that a lot of the money came from Russia and that they are getting exactly what they wanted: chaos

mipadaitu ,

It was the paid blue checkmark for $8 back in 2022.

Kinda old article info without much current stuff except the lawsuit against the ad trade group.

Zerlyna ,
@Zerlyna@lemmy.world avatar

Still makes me gleeful reading about his stupidity.

AllNewTypeFace ,
@AllNewTypeFace@leminal.space avatar

It does, until you realise that his monstrous wealth insulates him from any consequences, deflecting them onto the heads of mortals. No matter what he does, he’ll be alright.

Zerlyna ,
@Zerlyna@lemmy.world avatar

I felt a little better reading today how many of his children are conceived IVF or surrogate. I can’t fathom having anyone having sex with him.

finley ,

And now we don’t have to!

billiam0202 ,

Not only that, but there are thousands of people insulating him from those consequences. People at Xitter working to keep what functionality they can, despite years of knowing what a shithead Musk is. People who keep the operation of SpaceX separate to make it successful despite his involvement. The Russian and Saudi investors who gave him the money to buy Twitter when he ran his mouth off about it.

Infynis ,
@Infynis@midwest.social avatar

He’s so insecure though, all the mocking he receives online is pretty satisfying

hightrix ,

Savedyouaclick

Thank you!

tilefan ,

please just put the interesting part in the title.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •