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As Matt Levine pointed out today, the JP Morgan money is a loan with a 2-3% interest rate. They worded it in a really weird way, presumably for PR reasons, but
by vosper 6y ago
As Matt Levine pointed out today, the JP Morgan money is a loan with a 2-3% interest rate. They worded it in a really weird way, presumably for PR reasons, but it was just a loan
- Tomte 6y agoI think it's obvious that J.P. Morgan won't simply donate the money. I had assumed they'd take an ownership stake, but the loan makes more sense. Thanks for that info!