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Musk Emails X Employees: User Growth Stalls, Revenue Falls Short, Struggling to Break Even
2025-01-26 /
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Author：小编
The Wall Street Journal reports that Wall Street banks are gearing up to offload billions of dollars in debt tied to Elon Musk's social media venture, X (formerly known as Twitter), signaling another stride towards Wall Street's departure from the tumultuous financing phase of the acquisition. It is understood that Morgan Stanley has engaged with investors, aiming to sell up to $3 billion in debt jointly held by the bank, Bank of America, Barclays, and others, as early as next week. These funds were initially allocated to back Musk's acquisition of Twitter in 2022.
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