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Wall Street, Bank of America
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.
Wall Street Banks Set to Sell $3 Billion in X Loans, Sources Say
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 people with knowledge of the matter said on Friday. Morgan Stanley bankers have contacted investors ahead of a planned sale next week, the sources said.
Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
Banks are getting ready to sell billions of dollars in debt borrowed by Elon Musk’s X, bringing Wall Street a step closer to exiting the nerve-racking deal that financed the social-media company’s buyout.
Wall Street banks prepare sale of up to $3 billion in X loans next week, sources say
By Tatiana Bautzer and Saeed Azhar (Reuters) -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 on Friday.
8d
on MSN
SEC charges against Elon Musk rocked Wall Street — but is the tech CEO a victim of lawfare?
The charges even have an added advantage of driving a wedge between Trump’s new SEC chair, Paul Atkins, and his enforcement ...
2d
on MSN
Elon Musk Says X Growth Is 'Stagnant,' Revenue Is 'Unimpressive' in Leaked Email to Staff
X owner Elon Musk said growth on his platform is "stagnant" and revenue is "unimpressive" in a January email to staff that ...
2d
on MSN
Elon Musk email to X staff: ‘we’re barely breaking even’
As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some ...
1d
on MSN
From DEI to WFH: Here’s What to Expect From Elon Musk’s DOGE When It’s Fully Operational
There are already some signals about which government expenses could be on the chopping block for Elon Musk's DOGE.
2d
on MSN
Elon Musk’s business conflicts draw scrutiny amid White House role
Elon Musk had sharp words for a private-sector partnership touted this week by the Trump administration to hasten the ...
1d
on MSN
X 'barely breaking even,' Musk reportedly emailed staff
Since his takeover of then-Twitter in 2022, Mashable has reported that X's user base has declined, fleeing for alternatives ...
Futurism
2d
In Leaked Email, Elon Musk Admits Defeat on Twitter
Twitter's financials are still looking pretty dire — as owner Elon Musk himself admitted in a January email to staff reviewed ...
Mediaite on MSN
4d
Elon Musk Getting More and More Unpopular, Now Disliked By Majority of Americans: WSJ Poll
A Wall Street Journal poll indicates that Elon Musk is becoming more unpopular in the public's eyes after taking over the ...
2d
on MSN
Elon Musk's DOGE Plan Is in Turmoil
Elon Musk's plan for the new Department of Government Efficiency (DOGE) may be in disarray following a number of changes to ...
The Express Tribune
2d
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.
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