this post was submitted on 24 Jan 2025
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275
Wall Street Banks Prepare to Sell Billions of Dollars of X Loans (www.wsj.com)
submitted 2 days ago by [email protected] to c/[email protected]
53 comments fedilink hide all child comments
 

Mirror: https://archive.is/2025.01.24-212950/https://www.wsj.com/finance/banking/wall-street-banks-prepare-to-sell-billions-of-dollars-of-x-loans-c609beb1

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[–] [email protected] 3 points 1 day ago (1 children)

I think you’re missing the point. There are no physical assets. There is users and engagement. That can be used to push a narrative or to sell advertising. As users leave, neither works and there is nothing to sell.

[–] [email protected] 1 points 1 day ago (1 children)

There are physical assets, though. Hopefully enough to pay employees, and possibly enough for this deal to be profitable. It's a risk, but not a crazy one.

[–] [email protected] 1 points 18 hours ago

Yes, there are, but minimal physical assets. That's the point. They likely aren't even enough to pay employees.