Paula Seligson (@PSeligson) header
Paula Seligson (@PSeligson) profile picture

Paula Seligson

@PSeligson

I no longer use X - you can find me on LinkedIn instead. https://teapawt.net/t.co/QXYLKlRZXS Senior Reporter @business.

 New York, NY
Joined January 2011
  • Tweets3.4K
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  • Followers2K
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Photo by Paula Seligson (@PSeligson)Photo by Paula Seligson (@PSeligson)Photo by Paula Seligson (@PSeligson)Photo by Paula Seligson (@PSeligson)Photo by Paula Seligson (@PSeligson)Photo by Paula Seligson (@PSeligson)
Wall Street banks lost out on billions in fees as private credit lured away corporate borrowers. Now it wants a cut. For @business @markets #privatecredit #banking bloomberg.com/news/features/…
Big Banks Are Copying From Private Credit’s Playbook

Big Banks Are Copying From Private Credit’s Playbook

Wall Street has lost out on billions in fees as direct lenders lured away corporate borrowers. The future of their leveraged lending businesses depends on how they adapt.

bloomberg.com
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Paula Seligson retweeted
David Pan (@DavidPan_1) profile picture
David Pan
@DavidPan_110 Mar 2024
For anyone that is wondering the original story @BillAckman @Scaramucci and @saylor are talking about and wants to learn more, here is the link to that article: bloomberg.com/news/articles/…
Bitcoin Miners Are Devouring Energy at a Record Pace During the Crypto Runup

Bitcoin Miners Are Devouring Energy at a Record Pace During the Crypto Runup

After recovering from a near-death experience during the most recent crypto winter, Bitcoin miners are back in survival mode — spending billions of dollars on equipment and drawing energy at a record...

bloomberg.com
Bill Ackman (@BillAckman) profile pictureBill Ackman
@BillAckman9 Mar 2024
A scenario: Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues. Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses. Maybe I should buy some Bitcoin.
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1/ Even though Rite Aid's bankrupt, its CEO is making $300,000 a month. Its lawyers are making $2,000 an hour. Lenders are making millions. But thousands of opioid victims who have sued the company are expected to get nothing at all. Gift link --> bloomberg.com/news/features/…
Rite Aid Advisers Rake in Millions Through Bankruptcy. Opioid Victims Brace For Nothing.

Rite Aid Advisers Rake in Millions Through Bankruptcy. Opioid Victims Brace For Nothing.

Those who fault the company for its role in America’s drug epidemic are expected to emerge empty handed from the bankruptcy.

bloomberg.com
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“Yet another Flood Watch is in effect for NYC with periods of torrential rain likely later today.”
Image from New York Metro Weather (@nymetrowx)
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😞
New York Metro Weather (@nymetrowx) profile pictureNew York Metro Weather@nymetrowx7 Dec 2023
Happy 6 month anniversary everyone
Image from New York Metro Weather (@nymetrowx)
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🧵 On NYE 2020, a group of teens from the same Long Island high school discovered they’d become victims of violent deepfake porn. That’s where our story starts. But it twists and turns in so many unexpected ways.. Read my latest in @BW with @MargiMurphy bloomberg.com/news/features/…
No Laws Protect People From Deepfake Porn. Here’s How Some Victims Fought Back

No Laws Protect People From Deepfake Porn. Here’s How Some Victims Fought Back

A group of young women in a New York City suburb, horrified to learn their photographs had been manipulated and posted online, took matters into their own hands.

bloomberg.com
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Citi is in discussions to start a private credit strategy in early 2024. Initiative could include one or multiple external partners & use of own balance sheet. Scoop via ⁦@PSeligson⁩ bloomberg.com/news/articles/…
Citi Is in Talks to Start New Private Credit Strategy by Early 2024

Citi Is in Talks to Start New Private Credit Strategy by Early 2024

Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series of bank efforts to gain a foothold in the booming $1.6 trillion private credit market.

bloomberg.com
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Paula Seligson retweeted
LMEmes (@lolviolence) profile picture
LMEmes
@lolviolence16 Nov 2023
Just discovered that GPT4 now has DALL-E and...I'm sorry
Image from LMEmes (@lolviolence)
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Gillian Tan (@GillianTan) profile picture
Gillian Tan@GillianTan20 Oct 2023
Blue Owl is among firms weighing an acquisition of European direct lender Hayfin New w/ @silasfelixbrown 👇 $OWL bloomberg.com/news/articles/…
Blue Owl Weighs Acquisition of European Lender Hayfin

Blue Owl Weighs Acquisition of European Lender Hayfin

Blue Owl Capital Inc. is weighing an expansion into Europe through a potential acquisition of rival lender Hayfin Capital Management, according to a person with knowledge of the matter.

bloomberg.com
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#newprofilepic
Image from New York Metro Weather (@nymetrowx)
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Jeremy Hill (@JeremyHtweets) profile picture
Jeremy Hill@JeremyHtweets18 Oct 2023
The creators of South Park are in discussions with Carlyle for a private loan totaling around $800 million that would be backed by would be backed by the IP from the TV show and Casa Bonita restaurant SCOOP from @EK_Hudson @PSeligson @Lucas_Shaw bloomberg.com/news/articles/…
‘South Park’ Creators in Talks With Carlyle for Private Loan

‘South Park’ Creators in Talks With Carlyle for Private Loan

The creators of South Park are in discussions with Carlyle Group Inc. for a private loan totaling around $800 million that would be used to refinance an existing credit facility and fund a cash...

bloomberg.com
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The creators of South Park are in discussions with Carlyle Group for a private loan totaling around $800 million that would be used in part to refinance an existing credit facility. bloomberg.com/news/articles/… #southpark #casabonita #bookofmormon

‘South Park’ Creators in Talks With Carlyle for Private Loan

The creators of South Park are in discussions with Carlyle Group Inc. for a private loan totaling around $800 million that would be used to refinance an existing credit facility and fund a cash...

bloomberg.com
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Exclusive: A #UNC freshman was found unconscious in a #Duke dorm room in March and died two days later of a drug overdose. Neither university said anything publicly about her death until contacted by @TheAssemblyNC. By @CharlotteKramon & @mlhewlett. theassemblync.com/education/…
A UNC Student’s Overdose Death at Duke

A UNC Student’s Overdose Death at Duke

A Carolina freshman died in March after being found unconscious in a Duke dorm room. Neither university said anything publicly.

theassemblync.com
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Image from Reuters Press Team (@ReutersPR)
Readers added context they thought people might want to know
Issam was killed by an Israeli artillery strike near the Israel-Lebanon border. businessinsider.com/reuters-journa…
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Paula Seligson retweeted
Max Abelson (@maxabelson) profile picture
Max Abelson@maxabelson12 Oct 2023
Tonight's the night. THE BUSINESSWEEK SHOW debuts at 10:30 EST on @BloombergTV. Please watch. Please tell your friends. And if your bedtime is early: There's also a livestream online at 8:30 tonight. You'll find it right this way bloomberg.com/originals/live
Live TV - Originals - Bloomberg

Live TV - Originals - Bloomberg

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

bloomberg.com
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Get excited everyone! Max is one of the best in the business.
Max Abelson (@maxabelson) profile pictureMax Abelson@maxabelson5 Oct 2023
I'm about to host the late night talk show of my dreams. The Businessweek Show is about money and power and culture. Our guests are Cornel West, Theaster Gates, Nadia Murad, Zaila Avant-garde, Chip Wilson and many more. We debut next Thursday, October 12th. The trailer is here!
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Sad for us, but happy for you @rachel_butt. Congratulations!
Rachel Butt (@rachel_butt) profile pictureRachel Butt@rachel_butt4 Oct 2023
Some news: I have left @Bloomberg after an amazing 2 years. Next week, I will be joining @9finHQ as US deputy distressed editor and continuing to chronicle corporate woes. I am super excited for this new adventure and what's to come!
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Patti Poppe staked her legacy at PG&E on a pledge that the company will bury 10,000 miles of power lines. Now, that plan is in jeopardy as regulators debate significantly restricting the number of lines it can bury in the coming years. My latest: wsj.com/business/energy-oil/…
PG&E’s $6 Billion Plan to Prevent Wildfires Is in Peril

PG&E’s $6 Billion Plan to Prevent Wildfires Is in Peril

California regulators are likely to significantly restrict the number of power lines the company can bury in the coming years in favor of other ways to reduce fire risk.

wsj.com
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Friday's Weather Rating: 1/10 Good grief. Periods of rain with flooding likely and locally significant flash flooding possible. Damp, humid and cloudy all day with an onshore breeze. The vibes have floated away.
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