Like I don’t get it, he owns 9% of the shares, doesn’t he still need like 42% of other shareholders to vote in in as CEO? So isn’t he still subject to the will of the other shareholders? 🤔
(Disclaimer: I have no idea how this works, which is why I’m asking)
gonna get really interesting when the banks start looking for their returns. watch, he’ll get Trump to bail it out.
for the fanboys saying “that’s not how loans for billionaires work” - it would appear that actual bankers feel remarkably different.
https://nypost.com/2025/01/24/business/wall-street-banks-set-to-sell-billions-of-dollars-of-x-loans/
https://www.reuters.com/technology/wall-street-banks-set-sell-billions-dollars-x-loans-wsj-reports-2025-01-24/
https://www.wsj.com/finance/banking/wall-street-banks-prepare-to-sell-billions-of-dollars-of-x-loans-c609beb1
That’s not how loans for billionaires work. The bank is very happy to only collect some interest on this huge loan for ever, and would be more than happy to give Elon more loans to buy other things. Because of the fractional reserve banking system the bank isn’t even running any real risk by doing this.
bet you a soda they want their money in the next few years.
You’re on 🤝
https://nypost.com/2025/01/24/business/wall-street-banks-set-to-sell-billions-of-dollars-of-x-loans/
https://www.reuters.com/technology/wall-street-banks-set-sell-billions-dollars-x-loans-wsj-reports-2025-01-24/
https://www.wsj.com/finance/banking/wall-street-banks-prepare-to-sell-billions-of-dollars-of-x-loans-c609beb1
LOLOL