Twitter's Debt Dilemma
A year after Elon Musk's $44 billion acquisition of Twitter, banks are grappling with $13 billion in debt that remains on their balance sheets. As Twitter faces a staggering revenue decline of up to 70%, banks are hesitant to offload the debt at a significant loss, opting instead to wait for a potential market recovery or a buyback from Musk. The situation raises questions about the future of Twitter's financial health and the strategies banks will employ to navigate this hung deal.In this clip
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Meta’s Monster Quarter, Buying Elon’s Twitter Debt, and America’s Deficit | Prof G Markets
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