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Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis
- Am4TIfIsER0ppos 2y agoOh no not the banks! This says they're still getting interest payments, "hefty" ones at that so they can't complain too much. Bastards.
- voltagex_ 2y agolol. lmao even.
- WesSouza 2y agoroflcopter may I add.
- MiguelX413 2y agoxd
- WesSouza 2y agohttps://archive.ph/20240820140244/https://www.wsj.com/tech/elon-musks-twitter-takeover-is-now-the-worst-buyout-for-banks-since-the-financial-crisis-3f4272cb https://archive.ph/20240820140244/https://www.wsj.com/tech/e...
- anonfordays 2y ago"The resulting write-downs have hobbled the banks’ loan books and, in one case, was a factor that crimped compensation for a bank’s merger department, according to people involved with the deal." Won't someone think of the M&A attorneys making seven figures? They may not be able to afford their country club membership this year!
- darth_avocado 2y agoThe merger department failed to do its due diligence. Serves them right.
- davidw 2y agoYou'd kind of expect someone to get fired for screwing up that badly.
- darth_avocado 2y agoGee, who would’ve thought. Maybe buying a company in a domain you know nothing about, firing 80% of the staff who do know how to run it, and antagonizing advertisers that are your main source of revenue isn’t great for business.
- lesuorac 2y agoI mean you can antagonizing advertisers or users as much as you want as long as your service works. Elon's airplane tracker is on twitter despite elon sueing the guy [1]. Advertisers don't come back to twitter because it's just doesn't have the functionality they want. There are many other large social media platforms out there they can advertise on and when those platforms have better tracking and targeting those are the platforms they use. It's nothing personal; just business. [1]: https://www.theverge.com/2022/12/23/23524060/twitter-elon-musk-jet-tracking-elonjet-elonjetnextday https://www.theverge.com/2022/12/23/23524060/twitter-elon-mu...
- leereeves 2y ago> Elon's airplane tracker is on twitter despite elon sueing the guy [1]. When was the last time he posted the jet's location? Seems like it was in 2022.
- lesuorac 2y agoI don't use twitter much; it appears that the page is not sorted chronologically but there are tweets from 2024. https://x.com/ElonJetNextDay/status/1764502121901093059 https://x.com/ElonJetNextDay/status/1764502121901093059
- leereeves 2y agoDoes anyone know how an X profile page is sorted now? It isn't chronological, nor by likes or views.
- 2y ago
- bzmrgonz 2y agoWas that elons ace? Borrow enough from the banks to make x too big to fail???