Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares?

• mojofrododojo@lemmy.world ⁨1⁩ ⁨week⁩ ago

  nypost.com/…/wall-street-banks-set-to-sell-billio…

  reuters.com/…/wall-street-banks-set-sell-billions…

  wsj.com/…/wall-street-banks-prepare-to-sell-billi…

  LOLOL

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  • bjornsno@lemm.ee ⁨1⁩ ⁨week⁩ ago

    They’re still not collecting the loans from Elon, they’re just passing the loans around. You can take the win if you want it here but I’m pretty sure that’s not what either of us meant before.

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    • mojofrododojo@lemmy.world ⁨1⁩ ⁨week⁩ ago

      because they gain value with age? LOL… it’s not fine fuckin wine my friend.

      the people who buy that paper will want to be repaid, it’s not like a novelty.

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      • bjornsno@lemm.ee ⁨5⁩ ⁨days⁩ ago

        They do gain value with age, it’s called interest, and it’s the only reason banks give loans in the first place.

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