bjornsno@lemm.eetoNo Stupid Questions@lemmy.world•How do shares work? How does musk control twitter if he only owns 9% of the shares?
11·
3 days agoThat’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.
You’re on 🤝