this post was submitted on 09 Oct 2023
584 points (93.7% liked)
Technology
59111 readers
3264 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There was speculation a few days ago that the institutional lenders that still hold stock may try and seize ownership before Elon inevitably sends it's value to zero
I saw it on reddit but that site being what it is, couldn't find the article or discussion when I went looking for it just now. Best I found was https://www.aol.com/finance/exclusive-banks-funded-elon-musk-155724210.html and a series of articles over time that the banks were trying to sell their loans used to buy Twitter and were only being offered 60 cents on the dollar for them.