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Wall Street banks sell $5.5B of X loans as investors bet big on Elon Musk: report
Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when Musk acquired the site formerly known as Twitter.
Banks sell down $7.5 billion of Musk’s X debt to investors: Source
The deal was said to be offered to a small group of investors by the bank consortium that also included Bank of America. Read more at straitstimes.com.
X Is Barely Breaking Even According to Elon Musk and Banks Are Making Their Move to Sell
Elon Musk recently shared to X employees that the company is struggling to break even, and it is still its problem.
Wall Street banks to sell billions in loans given to Elon Musk for purchase of X
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.
6d
on MSN
Elon Musk Has Lost More Money Than Any Other Top Billionaire So Far in 2025
The world's richest man, now firmly embedded in the Trump administration, has lost over $11 billion since the start of the ...
Daily Express US on MSN
11d
Elon Musk admits X is 'barely breaking even' in alarming email to staff
Musk reportedly wrote, "we've witnessed the power of X in shaping national conversations and outcomes... [but] our user ...
8d
on MSN
Elon Musk told staff X is ‘barely breaking even’, reports say
Banks are preparing to sell off debt used to help Elon Musk purchase X as the tech tycoon tells employees the company is ...
7d
on MSN
Musk Ducks Question On Trump Policies, Says EVs Are 'Inevitable'
That answer may well be true. After all, sales of purely internal combustion vehicles have been in decline globally since ...
10d
Elon Musk writes to X employees, says company 'barely breaking even'
According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and ...
newsbytesapp.com
12d
Elon Musk admits X's financial struggles in email to staff
Elon Musk has admitted to the financial woes of his social media platform X. In an email to employees this month, Musk said ...
The Express Tribune
12d
Elon Musk tells X staff: "We’re barely breaking even" amid revenue struggles
Elon Musk warns X staff of stagnant user growth and revenue challenges while banks plan to sell $13 billion in X debt.
9h
on MSN
Banks sell down $5.5 billion of Musk's X debt to investors, source says
NEW YORK (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon ...
3d
on MSN
Barclays services back to normal after technical issue
Barclays has apologised to customers after technical problems caused disruption to services and payments over the weekend.
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