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Oracle stock fell 30% this quarter, its steepest drop since Q3 2001, when it slid ~34%, amid skepticism about its ability to open more data centers for OpenAI (Jordan Novet/CNBC)

Jordan Novet / CNBC : Oracle stock fell 30% this quarter, its steepest drop since Q3 2001, when it slid ~34%, amid skepticism about its a...

25 October 2023

Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell (Wall Street Journal)

Wall Street Journal:
Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell  —  Banks have begun preparations to try to unload at least some of the $13 billion of debt they underwrote, at a steep discount

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