Musk told Twitter investors who gave him $13 billion that they wouldn't lose money, say sources

Ars Technica reports that five sources told it that Elon Musk privately assured some of the investors who gave him $13 billion for the dumpster fire formerly known as Twitter that they wouldn't lose money. Oops.

From Ars:

Despite the assurances, the seven banks that lent money to the billionaire for his buyout—Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Société Générale—are facing serious losses on the debt if and when they eventually sell it. — Read the rest