What were Elon Musk’s lenders thinking?

When Elon Musk sought funding for his bid to take over Twitter earlier this year, he had little trouble finding institutions willing to give him the money he needed. Morgan Stanley took the lead and organized a syndicate of banks, including Bank of America and Barclays, which pledged to lend Musk $13 billion. The whole … Read more

Because everything in technology seems to fall apart at once

This is Work in Progress, a newsletter from Derek Thompson about work, technology, and how to solve some of America’s biggest problems. Sign up here to get it every week. The tech sector appears to be in a recession. While overall unemployment is still very low, nearly every major tech company, including Amazon, Meta, Snap, … Read more