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Elon Musk’s $13 billion whip hand against Wall Street: How interest rates and the financial disaster at Twitter put the world’s richest man in the driver’s seat

Summary by Ground News

Twitter CEO Linda Yaccarino has a meeting on the books with the banks. The banks, you may recall, banded together in April of 2022 and, cajoled by Musk, agreed to lend Twitter $13 billion. Since the $44 billion deal closed last October, Musk has talked constantly about what a horrible investment he made.

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Elon Musk’s $13 billion whip hand against Wall Street: How interest rates and the financial disaster at Twitter put the world’s richest man in the driver’s seat

How interest rates and the financial disaster at Twitter gave the world's richest man an edge against the banks.

2 years ago·New York, United States

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Fortune broke the news in New York, United States 2 years ago on Wednesday, October 4, 2023.

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