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.
Wall Street Banks Plan to Sell $3 Billion of Elon Musk’s X Debt
Wall Street banks, led by Morgan Stanley, are preparing to sell up to $3 billion in debt tied to Elon Musks social media platform X, previously known as Twitter. Sources revealed that Morgan Stanley bankers have
Banks sell down $5.5 billion of Musk's X debt to investors, source says
By Shankar Ramakrishnan (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion acquisition of Twitter, now called X, in 2022,
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The world's richest man, now firmly embedded in the Trump administration, has lost over $11 billion since the start of the ...
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 ...
The Financial Express12d
Elon Musk highlights X’s ‘stagnant growth’ and ‘unimpressive revenue’ in email to employees
The Wall Street Journal reports that banks are planning to sell part of the $13 billion in debt they gave Musk to buy Twitter ...
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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 ...
Elon Musk told staff X is ‘barely breaking even’, reports say
Musk has tried several different ways to boost X’s profits, including making users pay for verification, something that had ...
Morgan Stanley to increase sale of loans tied to Musk's X, Bloomberg News reports
A group of Morgan Stanley-led banks is set to increase a sale of loans tied to Musk's X platform after receiving stronger-than-expected demand.
Barclays technical issues continue more than 24 hours on from initial outage
Barclays has been experiencing technical issues since Friday with customers unable to make payments or see updated balances.
Barclays IT glitch leaves family ‘homeless’ as bank outage derails house purchase
Paola Mereu, 39, sold the house her and her husband and their daughters lived in at Uxbridge and were meant to buy their new ...