this post was submitted on 20 Aug 2024
577 points (98.2% liked)

News

23387 readers
2119 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Nearly two years after Elon Musk’s acquisition, X’s business is still struggling to climb out of the deep hole it fell into under his ownership.

The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis.

The seven banks involved in the deal, including Morgan Stanley and Bank of America, lent the money to the billionaire’s holding company to take the social-media platform, now named X, private in October 2022. Banks that provide loans for takeovers generally sell the debt quickly to other investors to get it off their balance sheets, making money on fees.

you are viewing a single comment's thread
view the rest of the comments
[–] HootinNHollerin@lemmy.world 80 points 3 months ago* (last edited 3 months ago) (8 children)
[–] Mikelius@lemmy.world 83 points 3 months ago (5 children)

We were due for our yearly billionaire offering to Poseidon.

[–] Osito@lemmy.world 23 points 3 months ago (1 children)

May the god of water take mercy on us with this wealthy sacrifice and place a harvest in our nets

[–] Aqarius@lemmy.world 4 points 3 months ago (1 children)

And hold back sea level rise!

[–] AngryCommieKender@lemmy.world 1 points 3 months ago

I would think that would be the god of Antarctica's bailiwick.

[–] Diplomjodler3@lemmy.world 17 points 3 months ago

I don't think one is enough to placate Poseidon.

[–] vaultdweller013@sh.itjust.works 9 points 3 months ago (1 children)

Either that or Jörmungandr has aquired a taste for richness. As a man who likes cheesecake I can respect it.

[–] AngryCommieKender@lemmy.world 1 points 3 months ago (1 children)

My most requested recipe is: New York Style Cheesecake Stuffed, Chocolate covered, graham cracker rolled, strawberries.

[–] vaultdweller013@sh.itjust.works 1 points 3 months ago (1 children)

That sounds great minus the strawberries, add more chocolate instead.

[–] AngryCommieKender@lemmy.world 1 points 3 months ago (1 children)

The strawberries make it a "healthy dessert."

[–] vaultdweller013@sh.itjust.works 2 points 3 months ago (1 children)

Bite me I want more chocolate, also if it can give me cavities it prolly aint healthy.

[–] AngryCommieKender@lemmy.world 1 points 3 months ago (1 children)

You probably don't taste as good as the cheesecake and strawberries. I'll bite them, thanks. Cheers m8 :)

[–] vaultdweller013@sh.itjust.works 2 points 3 months ago

If I taste as I smell then I taste like motor oil, old metal, and oranges. Which is fucken bizarre and I dont know what thatd taste like.

[–] ICastFist@programming.dev 3 points 3 months ago

I am deep in prayers so that Poseidon, Oceanus and every other sea related deity take our offerings of other billionaires and their yachts

[–] HootinNHollerin@lemmy.world 2 points 3 months ago

This one is extra sweet to me as Morgan Stanley stole $4k of my funds, claiming it was abandoned when they never once sent me a message, notification on their site, letter, or call. It took me several months to get it back. All the while I was unemployed and really needed that money.

[–] Icalasari@fedia.io 27 points 3 months ago

I like this new tradition

[–] b161@lemmy.blahaj.zone 19 points 3 months ago
[–] ShaggySnacks@lemmy.myserv.one 13 points 3 months ago (1 children)

Sounds like sacrificed a few billionaires this time.

I hope our watery god is satisfied, if not. I guess we have sacrifice a few more billionaires.

[–] Maggoty@lemmy.world 14 points 3 months ago* (last edited 3 months ago) (1 children)

I think we should advertise small boat sailing to Elon, combined with the beauty of the Gibraltar strait area and the manliness of doing it alone.

We can give Poseidon a break and let the orcas have one.

[–] ShaggySnacks@lemmy.myserv.one 3 points 3 months ago (1 children)

Twist: The Orcas are working for Poseidon.

[–] Maggoty@lemmy.world 1 points 3 months ago (1 children)
[–] ShaggySnacks@lemmy.myserv.one 3 points 3 months ago

That's why Poseidon is a god and I'm just a schlub.

[–] phoneymouse@lemmy.world 11 points 3 months ago (1 children)
[–] HootinNHollerin@lemmy.world 12 points 3 months ago* (last edited 3 months ago)

Ah yea you’re right. Chairman but what’s the difference

[–] GunValkyrie@lemmy.world 8 points 3 months ago (1 children)

Sounds like he found out what's behind the implications.

[–] Asafum@feddit.nl 2 points 3 months ago (1 children)

I think we're the tasty treats!

[–] GunValkyrie@lemmy.world 2 points 3 months ago

Out in the middle of nowhere on international waters. What's he gonna do, say no? Of course not. Because of the implication.

[–] zbyte64@awful.systems 7 points 3 months ago

Orcas are based.

[–] Seasm0ke@lemmy.world 4 points 3 months ago

Thats crazy I used IDOL for a decade. Good riddance.