ft.com
As a business matter, it is easy to see why banks agreed to provide Elon Musk with $25.5bn in loans for his Twitter takeover bid. With hundreds of billions of dollars in shares and perhaps some cryptocurrency like dogecoin in reserve, the Tesla chief is a creditworthy fellow. A serial entrepreneur, he also stands to pay big fees for financial services in the years to come. Yet there is something worrisome about what just happened. The red carpet unfurled for Musk on Wall Street contrasts with t…
over 2 years ago
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