Elon Musk issued a warning about borrowing against the value of securities one owns due to the risk of"mass panic" in the stock market.
Musk's bankers are considering replacing some of the high-interest debt he layered on Twitter with new margin loans backed by Tesla stock. Billionaire Elon Musk is warning against something he himself has done — borrowing against the value of securities one owns — because of the risk of"mass panic" in the stock market.
The Tesla CEO put up billions of his own money when he purchased Twitter for $44 billion earlier this year and saddled the company with $13 billion of debt.Bloomberg News has reported that Musk's bankers are considering replacing some of the high-interest debt he layered on Twitter with new margin loans backed by Tesla stock that he'd be personally responsible for re-paying.
_Business Well you say anything positive about Elon ?
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Elon Musk quietly ordered the removal of Twitter's #ThereIsHelp suicide prevention feature, report says | Business InsiderElon Musk quietly ordered the removal of Twitter's suicide prevention feature in recent days, Reuters reported, but the company said it will soon be replaced.
Källa: BISouthAfrica - 🏆 34. / 51 Läs mer »
Twitter probed in EU for pre-Musk data leak of 5.4 million users | BusinessElon Musk’s Twitter risks massive fines after its top privacy regulator in the European Union opened a probe into reports of a suspected data breach that compromised the personal details of 5.4 million users last year. | News24_Business _Business clearly have an agenda against elonmusk _Business Kubi Elon, have you done due diligence before purchase? Let's hope the probe does not result in hefty fines. _Business How can you prosecute someone who saw something fishy going own in a public institution and decided to stop it but rather seen as the enemy. If the world allow this prosecution. We are all pupped
Källa: News24 - 🏆 4. / 80 Läs mer »
Klopp comments on Liverpool's transfer business | KickOffLiverpool manager Jurgen Klopp has commented on the club's plans for the upcoming January transfer window after a slow first-half of the season. The scenario of Bitcoin going to zero does not anymore.Bitcoin is playing much the same role as gold did in the early days of banking You all should Follow AdamTreyton he knows how to deal with bitcoin and other cryptos,his tweet have been really helpful over the years
Källa: KickOffMagazine - 🏆 36. / 51 Läs mer »