In email to X staff, Musk says “user growth is stagnant, revenue is unimpressive, and we're barely breaking even”; sources: banks plan to sell their debt in X

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar — Wall Street banks are getting ready …

Wall Street Journal 2025-01-25

Context & Ripple Effects

X’s financing has been constrained by weak operating performance: banks that funded the takeover were previously unable to offload the debt as rates rose and the business struggled, giving Musk leverage in lender discussions. This report makes the operating problem explicit while lenders prepare a sale.

The story also precedes a clearer exit path for lenders: banks later sold a larger-than-planned $4.7B tranche of X debt, and ultimately placed the remaining debt at 98 cents on the dollar in a final $1.2B sale.

First-order effects

X staff face a direct signal that growth and revenue are not yet supporting a strong operating cushion, raising pressure on management to improve monetization and user momentum.
Banks seeking 90–95 cents on the dollar must test investor demand for X-linked debt and recognize that its market value may sit below par.

Second-order effects

A discounted debt sale would establish a market benchmark for X’s credit risk, affecting lenders’ appetite and pricing for any future financing tied to the company.
The need to demonstrate more durable revenue makes X’s previously reported multi-tier premium-service tests more consequential, as subscriptions become one available lever alongside advertising.

Third-order effects

If highly leveraged platform acquisitions continue to depend on uncertain ad and subscription growth, lenders may demand tighter terms and earlier routes to syndicate debt rather than holding concentrated exposure.
The episode points to greater accountability for subscription-led turnarounds: product experiments may increasingly be judged against their ability to support debt service, not just engagement.

The trend: This is one data point in the growing discipline imposed on debt-financed platform turnarounds when monetization does not keep pace with financing costs.

Discussion

@lethadavis @lethadavis on bluesky
Turns out using your platform to whine, gaslight voters, spread fear and hate, misinformation and treat people like they're dumb isn't a profitable business strategy. Everyone I know USED to be on Twitter...
@lanstein Alex Lanstein on bluesky
That banks are trying to rid this garbage off their balance sheets isn't the story — it's that they think they can get 90-95 cents on the dollar. [embedded post]
@asmeh @asmeh on bluesky
Can someone clarify if this is the market regulating itself or if its cancel culture? [embedded post]
@majgray @majgray on bluesky
Not even a week dark on Twitter, already making an impact. — See what happens when you remove yourself from the equation? — Have some gumption & make a difference with the slightest effort. — It takes nothing to avoid opening these apps, silch. [embedded post]
@thecoratee @thecoratee on bluesky
The thing for me that's special about X is that on other social media platforms the enshittening is always driven by monetization and engagement opportunities. On X Elon is making it suck ass just for the love of the game. [embedded post]
@joshsteinberg @joshsteinberg on bluesky
I look forward to watching the debt being sold renegotiated, sold again, renegotiated again then sold again just so different money men can buy favor with Elon Goering [embedded post]
@barrettnicole @barrettnicole on bluesky
I love how he was like Twitter so bloated gonna trim the fat. — Now he's like US so bloated gonna trim the fat. — He's not really a follow the data dude is he
@half-kelly @half-kelly on bluesky
What ever happened to the everything app? It was the cornerstone of his fundraising pitch when he bought the company. [embedded post]
@gtconway George Conway on bluesky
Keep up the good work, guys. [embedded post]
@aidanwilliams44 Aidan Williams on bluesky
Turns out being run by a nazi is bad for business. Meta etc take note, if they follow that route people will leave. [embedded post]
@sulgrave Rex Tremendae on bluesky
How is it breaking even? It scared away every high-value advertiser in order to hawk Temu cast-offs and sell subscriptions
@djr755 Daryl Relyea on bluesky
Now Facebook should be next
@roastbeefjohnny @roastbeefjohnny on bluesky
I came off this week. The salute. Also a blue tick account with 45 followers arguing the law with an actual lawyer. It's utter madness
@actword.com @actword.com on bluesky
Madoff Xitler
@wpmacmason William Peter MacMason on bluesky
elon is a gambler, not a scientist, engineer, nor businessman. — he's the equivalent of a multiple-lotteruly winner in that he bet on PayPal, Tesla, and SpaceX, at the right times with the right bets. — his actual leadership is awful, those companies were mostly successful wh…
@kegman83 @kegman83 on bluesky
Your daily reminder Musk fronted a significant portion of his Tesla shares as collateral for said loans.
@johngage1 @johngage1 on bluesky
“They were careless people, Tom and Daisy, they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made” — F. Scott Fitzgerald, The Great …
@mmasnick Mike Masnick on bluesky
Lol. Weren't Musk and Yaccarino recently trying to convince people that user growth was hitting record highs? — Also, why would Zuck think that copying Musk's strategy would be good for him? (Rhetorical question, people, rhetorical question). [embedded post]
@gwektro @gwektro on bluesky
incoming “he did nazi that coming” posts for the next 24 hours [embedded post]
@buddsd Budd on bluesky
Barely breaking even, bullshit. That site is likely hemorrhaging money or they wouldn't be selling this quickly at a loss. They'd try and turn it around with decisive changes like axing musk and his nazi narrative before it's dead. — User retention + growth (not bots or troll…
@legacyusername @legacyusername on bluesky
A worrying point is that if they need to sell, a buyer could want to buy twitter to allow even more hate speech. — Which is not really the same as Trump buying it and making it an official way of communication. (Laws are changing) — I'm still certain Elon and Trump want diff…
@petergratton Peter Gratton on bluesky
Would be interesting to see what Fidelity is putting thy r value of X at now. This was spotted by eagle eyes looking at a couple of fund reports, but I think they haven't updated that figure in a year or so. [embedded post]
@gonzarro @gonzarro on bluesky
I'm sure both of X's staff were shocked to learn this.
@m3talgearz @m3talgearz on bluesky
this is actually really funny. im gonna watch this platform fall apart with a bucket of popcorn in hand [embedded post]
@thetwinewinder Nathaniel Jay on bluesky
Quick! Sell more dick pill ads! - Elon, probably
@neiltypewriter Neil Typewriter on bluesky
Almost like he just bought it just to influence an election, allegedly.
@leftsedfred.symmetricforests.online @leftsedfred.symmetricforests.online on bluesky
Great to see this being admitted but probably has to do with him being in government. — Twitter/X did what it was supposed to do. So now... [embedded post]
@ccxkingxcc @ccxkingxcc on bluesky
He has to put up collateral if he is dealing with banks. So he will be made to care when they come to collect.
@deardara Dara Moskowitz Grumdahl on bluesky
Honestly I'm amazed that they're even in the ballpark of breaking even ... and actually I doubt it
@celicilorena Celici Lorena on bluesky
Every time a corporation says “our growth is stagnant and we're barely breaking even”, you should generally interpret that as things being MUCH worse than they're willing to admit to their primary stakeholders right now. [embedded post]
@joelhs Joel S. on bluesky
Maybe, but buying Twitter helped make Musk a major player in right-wing politics in the US and around the world, which has boosted his net worth overall tremendously, so still a good investment from his perspective. [embedded post]
@docnickie @docnickie on bluesky
That's a lie. — There's no way they are even close to breaking even
@johnxuandou @johnxuandou on bluesky
“We're barely breaking even” is corpo speak for “We're hemorrhaging massively but if I tell you that you might leave and work somewhere else so I won't be able to keep abusing your labor until I surprise you with layoffs.” [embedded post]
@sportzagato Alex Kwanten on bluesky
Why would anybody want to buy this for 95 cents on the dollar? The value of the company has fallen 80% in two years. The only reason you'd want to buy part of this sinking ship is if you always wanted a sinking ship of your very own. Truly magical thinking. [embedded post]
@cannibalpinata Sarah Smith on bluesky
This is why deleting your meta shit is meaningful. — Stop making excuses to stay on FB and Instagram and Goodreads and WhatsApp. — Delete your accounts and show some backbone. You'll survive not having FB. [embedded post]
@pithypacky @pithypacky on bluesky
Techbro tanks company and blames it on everyone but himself. [embedded post]
@southsidetrekkie @southsidetrekkie on bluesky
One day, when the dust has settled and we've hopefully stopped listening to this absolute roaster, Twitter will be a cautionary tale in how a guy can take a business that is doing alright and completely tank it because he was sad that people weren't paying him enough attention. …
@behrbones Noam Law-msky on bluesky
TBH, if Musk is saying they are barely breaking even, Twitter is likely close to broke [embedded post]
@bankuei @bankuei on bluesky
So IF banks CAN sell the Twitter debt they hold at 90 to 95 cents on the dollar, they're ~only~ losing 650 million to 1.3 billion dollars. — That's a big if. — If we see a multi chain bank collapse 5 years from now from loaning Musk money I'm just gonna laugh and laugh and la…
@mtelm Erika Writes on bluesky
Glad to have been a part of X's decline. [embedded post]
@juditpetho Judit Petho on bluesky
“The debt has been an albatross on the banks since they backed Musk's $44 billion deal. The price Musk paid for Twitter was high, even at the time of his purchase, and the company's rocky performance had knocked down the value. The deal is considered one of the worst that banks…
@skeetownhobbit @skeetownhobbit on bluesky
Absolutely hilarious! Calling user growth “stagnant” is quite the positive spin on the situation. — I've never rooted for anyone's downfall so hard. This white supremecist product of apartheid needs to be brought low...and it's as easy as deleting his platform and not buying …
@thetypist @thetypist on bluesky
Perhaps X will organically die of natural stagnation. [embedded post]
@chrismsf @chrismsf on bluesky
It's important to remember he doesn't actually give a shit about X's finances: buying it cost him nothing and the power it's given him - to lie, misinform, and now directly influence global politics - is why he bought the platform. — He looked at it and said “what if Arab Sprin…
@kevinwglass @kevinwglass on bluesky
If Musk is close to breaking even that's impressive; Twitter was a money pit before he bought it. They lost $200 million in the last public year. [embedded post]
@ironsquirrel @ironsquirrel on bluesky
So tired of these born-with-a-silver-spoon-in-their- mouth overgrown toddlers punching down and failing up.
@ilikesportsmostly Matty Basically on bluesky
lol - election's over, twitter served its purpose. it's ok to be both bored and honest that twitter's growth and usage is downward finally!
@bigbeandotgov @bigbeandotgov on bluesky
We all know the truth is he's gonna blame everyone except himself but i really hope this served as at least some blow to his ego [embedded post]
@nypinta @nypinta on bluesky
What happens when someone else buys the debt? Can they get rid of him? [embedded post]
@imnotahrhitter @imnotahrhitter on bluesky
Even before the Nazi salutes, it's simply unusable now, especially on my phone. Unblockable ads for mobile games or God knows what, notifications of tweets from people I don't even follow. — A universal rule to the Internet is that if a place is no longer tenable, people will …
@esghound.com @esghound.com on bluesky
The context missing here is that they are barely breaking even *before* debt payments, which means cash burn is likely north of 1.2 billion annually — (lol and lmao) [embedded post]
@maxkennerly Max Kennerly on bluesky
Even if we put aside all of the negative associations Musk has created with X, ranging from neo-Nazis to CSAM, it's just a bad product now. The algorithm's promotion of content is profoundly inorganic, making both creators and readers miserable. It's a website designed for Elon…
@mattrigg Matt Rigg on bluesky
LMAO - So he emails his staff about all his failures. — This is entirely a sinking ship of his own making. He rammed it into the cliffs and then blamed the crew.
@reckless Nilay Patel on bluesky
Welcome to hell buddy [embedded post]
@benloggedon Ben on bluesky
Thinking of all the people who mansplained to me all the business acumen Elon was going to bring when he bought Twitter. [embedded post]
@pabably @pabably on bluesky
what ever happened to their actual CEO? lol [embedded post]
@seanokane Sean O'Kane on bluesky
but the unregretted user minutes are off the charts [embedded post]
@bft.wtf Bennett Tomlin on bluesky
I don't believe they're breaking even unless he means on EBITDA [embedded post]
@lukethomas Luke Thomas on bluesky
Any collapse of Twitter as a business wouldn't do much to Musk's wealth, but as a social good, I cheer for the possibility. [embedded post]
@barrybergman Barry Bergman on bluesky
eggs are too expensive, but the cost of buying the white house nowadays is crazy [embedded post]
@rss.coffee Rob on bluesky
The idiot's done with the platform he bought because it got him what he wanted. — Now we get to the end point. [embedded post]
@gwollman Garrett Wollman on bluesky
World's oldest teenager wonders why nobody wants to hang out at his Nazi bar. [embedded post]
@thurstoncounty @thurstoncounty on bluesky
Hey, it looks like X is in the FO stage of FAFO [embedded post]
@revjulieh Julie Hodges on bluesky
Thoughts and prayers. 😉
@koleross Kole Ross on bluesky
Countdown to a joint acquisition by TruthSocial and the US government. I'm serious as a heart attack, start the countdown. [embedded post]
@tyleraking.com Tyler King on bluesky
Thankfully, he now has the full power of the federal government to force brands to engage with his platform in a bid to curry regulatory favor with the president of the United States. [embedded post]
@matthiasplappert.com Matthias Plappert on bluesky
It's almost as if you build a toxic hell-hole of misinformation, conspiracy theories and crypto scams, people don't want to be there. Who would've thought 🤷‍♂️ [embedded post]
@dougdirt24 Doug Gray on bluesky
Who in their right mind is signing up to buy that debt? [embedded post]
@garyrockrose Questionable Morales on bluesky
Why does he care? It helps him communicate with other incels and nazis. Gives him a platform to attempt and fail to be funny. Got his dumbass “friend” elected. Now he cares about its profitability? Sure thing guy. [embedded post]
@margarita Margarita Noriega on bluesky
Is this what winning the culture war looks like [embedded post]
@rufus-hickok Rufus Hickok on bluesky
Am I off-base for suspecting this is going to end with the government buying the debt? [embedded post]
@whizzo Jason Wilson on bluesky
Twitter was barely breaking even most of the time before he took over, there's no chance it's close to that now. — Shame. [embedded post]
@bdplayer81 @bdplayer81 on bluesky
I don't usually root for people to fail, but in this case I'll make an exception. [embedded post]
@popolvuzh Itzel on bluesky
it's been stagnant for awhile, and the recent purges from Reddit are gonna make it even worse. god willing that app will finally croak. [embedded post]
@harrisj Jacob Harris on bluesky
Might be a good time for the banks to ask if the CEO could show up in the office more [embedded post]
@alwayserked @alwayserked on bluesky
My unsophisticated question is if someone else is willing to buy that debt (and lose money) as a favor to Musk so he doesn't have to liquidate Tesla or SpaceX stock to keep the site going.
@ecostarr @ecostarr on bluesky
It don't think it includes all of the money he is refusing to pay for rent and other expenses. It also doens't account for any risk associated with fines.
@ammy @ammy on bluesky
the funniest part is I bet these numbers muck was given are inflated with both bots and huge gaps in the actual costs of keeping the lights on [embedded post]
@thereallari Lari Katz on bluesky
No one ever said ‘investors’ know their asses from a hole in the ground. Someone probably wants to buy it cheap, or maybe short it.
@grantmooney Grant Mooney on bluesky
Honestly surprised they're breaking even [embedded post]
@noahseligman @noahseligman on bluesky
Might it be all the white nationalist hate speech??? No, no it must that some users put pronouns in their Twitter bios. [embedded post]
@robairone @robairone on bluesky
• — “The price Musk paid for Twitter was high — Even at the time of his purchase — And the company's rocky performance had knocked down the value” — • — “The deal is considered one of the worst that banks agreed to finance since the 2008 financial crisis” — • [embedded po…
@dcharlie @dcharlie on bluesky
In the interest of the whole DOGE thing I'd suggest removing the cause of the growth and user retention issue swiftly and without error — Key shareholders need to remove Musk as a priority as its what <checks notes> Musk </> would do....
@1stamericanhoodlum Hancock on bluesky
Not bad. Not bad at all. But I want to see revenue and user loss. We're getting there
@1stamericanhoodlum Hancock on bluesky
Uh oh is the genius fucking everything up again? [embedded post]
@hereforfun Mike Noble on bluesky
Considering the last time I looked every ad was a bunch of scam accounts reposting the same garbage. I'm shocked to hear revenue is down. [embedded post]
@prietschka Paul Rietschka on bluesky
I talk endlessly about malinvestment in AI garbage startups. — But debt associated with the bonfire of $44B that was Leon's Twitter acquisition? Wow. Now that is some serious throwing of good money after bad. — Wow. [embedded post]
@tttomblue @tttomblue on bluesky
Wait until Tesla provides an update! It's gonna be horrible!
@anthropicscholar @anthropicscholar on bluesky
oh so firing all the ‘slackers’ and doing shenanigans with the algo to boost your own posts uh... didn't work? [embedded post]
@mrshiddeddoodoo Mr. Shidded Doo Doo Pants on bluesky
I knew an Elon simp who swore that Elon would turn Twitter into a “Trillion Dollar Company” and LOL, LMAO [embedded post]
@borisbadenov @borisbadenov on bluesky
Broken News — Elon offers to trade X for TikTok's US operations. He says there would be no concern over X having user information of American citizens as the site is currently populated by Russian and Chinese bots. [embedded post]
@turnerjoy @turnerjoy on bluesky
Between Musk and Trump they could cause a bank collapse on their own, even before they get to messing it up completely through policy. — So much of what they do is operating with de facto free money [embedded post]
@schoenen Marc on bluesky
I often try not to revel in the misfortune of others - and Elon is such a fucking ghoul - glad to see the open shitshow he squandered $44B to acquire [embedded post]
@raisinguptown @raisinguptown on bluesky
Go Fash, lose cash
@wattasecond @wattasecond on bluesky
Preview of 2025 Tesla Earnings Calls. [embedded post]
@cavskermit @cavskermit on bluesky
Genuinely curious to see how much the banks get for the paper. [embedded post]
@wukko.me @wukko.me on bluesky
twitter's revenue in q3 2024 being worse than in q3 2014 is insane — 10 years of growth just down the drain [embedded post]
@pecunium @pecunium on bluesky
If they think they can get 90 cents on the dollar... I don't know what they are snorting [embedded post]
@asherlangton Asher Langton on bluesky
I doubt they're breaking even. Certainly not if you include the interest payments on the acquisition debt. [embedded post]
@razastwart @razastwart on bluesky
Truly the modern Icarus of our time [embedded post]
@mercygrimm Mercy Grimm on bluesky
What could their “unimpressive” revenue possibly be? They were paying the only people stupid enough to buy verification more than the cost of the verification! A money losing machine! [embedded post]
@phoul Colin Childs on bluesky
Even more reason to keep pushing big accounts to leave the platform. — Soon, this will be an entire losing operation for Musk. [embedded post]
@keithdonovan Keith Donovan on bluesky
There's no way they're breaking even, even with all the staffing cuts. They're not making like Microsoft ad money with a bunch of 8 dollar nazi subscriptions
@thegrimrecapper @thegrimrecapper on bluesky
Play stupid games, “wave” to the stupid audience, win stupid prizes. [embedded post]
@ironbound @ironbound on bluesky
Anyone paying 90-95 cents on the dollar for this debt isn't doing it for reasons that have anything to do with the economic value of X [embedded post]
@bartsmith Bart on bluesky
he got what he needed out of twitter already, but i will still get immense pleasure out of seeing it completely collapse [embedded post]
@brendelbored Brendel on bluesky
I'm just guessing a line this email doesn't contain is “sorry for doing all that” [embedded post]
@litigaytor @litigaytor on bluesky
How is Morgan Stanley expecting to get $0.95 on the dollar for this debt? [embedded post]
@ailurouge @ailurouge on bluesky
He's finding out firsthand just how Gab and Truth became successful, killer app social media sites [embedded post]
@chrisdoll Chris Doll on bluesky
Maybe Nazis are bad for business? [embedded post]
@valkyrie.hacker.gf Andrea on bluesky
Well that was completely predictable two years ago — (I wonder if he ever managed to refinance those escalating 20%+ bridge loans) [embedded post]
@ratelimitexceeder @ratelimitexceeder on bluesky
Nazi bar owner disappointed to learn new decorations scaring off customers. [embedded post]
@grudgie @grudgie on bluesky
“Our product is absolute shit”
@pelops Joseph on bluesky
While I love to take pleasure in any instance when Musk is doing poorly, this story is unfortunately about how X is being perceived as on the upswing because Musk bought himself a co-presidency. [embedded post]
@usspcrichardandson @usspcrichardandson on bluesky
oh hell yes I need those loans to come due EXPEDITIOUSLY [embedded post]
@saileshpatel Sailesh on bluesky
go anti-woke, go broke? [embedded post]
@ketameanie @ketameanie on bluesky
Keep the Elon boycotting up! Also remember to ask people you know that work at Elon's companies how much longer are they going to work hard towards making a Nazi rich? If you work at Nazi Twitter or SpaceX, your primary mission at this point is making a Nazi rich. Tell them to…
@davidjwbailey David JW Bailey on bluesky
Xitter is going down the Xitter, along with $40bn of borrowed cash secured on $TSLA shares... Leverage has a nasty habit of amplifying collapses like this. It might all turn against Mr Rich Nazi very quickly. [embedded post]
@cachiporra @cachiporra on bluesky
Remember when Elon Musk personally intervened to reinstate the account of a rightwing conspiracy poster who published photos and videos from a snuff tape of an infant being raped and murdered and then sent him an ad revenue share check for that same month?
@sspence3 @sspence3 on bluesky
This is wild. The article states they barely break even, arent growing, but in the next sentence, investors are interested in it. Like jfc, people are leaving in droves but investors and banks like the company? How did we get here
@salfranzaya @salfranzaya on bluesky
ok well they better pay us our severances before they go under lmao [embedded post]
@gregred @gregred on bluesky
Saudi money will always be there. Banks are needed just to cover up
@labuzamovies.com Peter Labuza on bluesky
Thank you Congress for passing the “Too Frikkin' Epic to Fail 🤣 ” bill, spening $60 billion to purchase X: The Everything App. [embedded post]
@crunk1977 Crunk on bluesky
He's probably going to do an IPO and dump this shit on some MAGA nuts.
@nowhere @nowhere on bluesky
Makes you wonder if the banks felt obligated, as they might to someone like DJT, even though it was a moronic deal — “The deal is considered one of the worst that banks agreed to finance since the 2008 financial crisis.” [embedded post]
@nystateofmind @nystateofmind on bluesky
Musk's the kinda guy who can easily create a million dollar company. All you gotta do first is give him a 44 billion dollar one.
@ldldn @ldldn on bluesky
Doesn't matter. The investment paid off. [embedded post]
@sarcasticdad @sarcasticdad on bluesky
Translation: I've driven this company into the ground just so I could give fascists and racists a platform. [embedded post]
@studuncan Stu Duncan on bluesky
It's a mystery! bsky.app/profile/news...
@brianhough.com Brian Hough on bluesky
And he deserves every bit of his failure. [embedded post]
@robchilver Rob Chilver on bluesky
Some good news for once! [embedded post]
@mstefan Mike on bluesky
gosh, left here scratching my head and wondering why
@maxkennerly Max Kennerly on bluesky
What's truly remarkable is the lack of any significant pushback internally or externally at Morgan Stanley for losing money because they wanted to make Elon Musk happy. — At least the next round of buyers can honestly say, “yes, this is a loss which we incurred to get Elon brow…
@peark.es George Pearkes on bluesky
WE'RE GOING TO GET A MARK ON X DEBT KLAXON @dsquareddigest.bsky.social @columnist.bsky.social — MS shopping $3bn of the buyout debt, $1bn out the door already, and they're hoping for 90-95 cents on the dollar for seniors. IDGI, who is buying this stuff!
@joy@mastodon.social Joy Larkin on mastodon
@Techmeme — 🤦‍♀️ “The deal is considered one of the worst that banks agreed to finance since the 2008 financial crisis.”
@vishwanathsarangkeller Vishwanath Sarang Keller on threads
This CTO cares about growth and revenue more than the CEO and CFO for some reason. 😛
@chrismaydev Chris May on threads
Imagine the people doing so much work at X trying to grow their user base a percent or 2 while Elons out there giving Nazi salutes and then blaming you for people leaving the platform.
@documentingmeta @documentingmeta on threads
So it looks like dominating a metric that you completely made up is not enough, huh
@parkert Parker Thompson on threads
I want to see what the non-senior debt is being bought at for a company that is valued by equity holders at less than the value of the debt. — RE: https://www.threads.net/...
@parismarx Paris Marx on x
Publicly, Elon Musk wants people to think Twitter/X is thriving. But in an email to staff, he admitted “user growth is stagnant, revenue is unimpressive, and we're barely breaking even.” https://www.theverge.com/...
@wholemarsblog @wholemarsblog on x
Something Twitter was never able to achieve on a sustained basis
@asharma Amol Sharma on x
One sign of how Elon Musk's rise in power and alliance with President Trump have helped the narrative around X' fortunes: the banks that financed his $44bn takeover now feel they are in position to sell a big chunk of that debt https://www.wsj.com/... via @WSJ
r/Twitter r on reddit
Elon Musk email to X staff: 'we're barely breaking even'
r/RealTesla r on reddit
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r/musked r on reddit
Elon Musk email to X staff: 'we're barely breaking even' | The Wall Street Journal reports banks are close to selling some of the $13 billion …
r/PresidentElonMusk r on reddit
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r/economicCollapse r on reddit
In email to X staff, Musk says “user growth is stagnant, revenue is unimpressive, and we're barely breaking even”; sources: banks plan to sell their debt in X (Wall Street Journal)
r/AnythingGoesNews r on reddit
In Leaked Email, Elon Musk Admits Defeat on Twitter
r/news r on reddit
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r/technology r on reddit
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