2025-01-25
Makes you wonder if the banks felt obligated, as they might to someone like DJT, even though it was a moronic deal — “The deal is considered one of the worst that banks agreed to finance since the 2008 financial crisis.” [embedded post]
Wall Street Journal
In email to X staff, Musk says “user growth is stagnant, revenue is unimpressive, and we're barely breaking even”; sources: banks plan to sell their debt in X
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar — Wall Street banks are getting ready …
2025-01-08
Observed a private M&A recently — Crazy to me that a global 50y brand, a highly respected household name in a large niche, hundreds of employees, dozens of owned offices/satellites, sold for less than half the funding round for these (rypto losers — Best money is in selling monopoly money [embedded post]
Fortune
Sources: Movement Labs, which is building a layer-2 Ethereum blockchain, is set to raise a $100M Series B at a ~$3B valuation, after raising $38M in April 2024
Movement Labs, a San Francisco-based software developing team building a layer-2 blockchain on Ethereum, is close to wrapping …