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 previously been given to users of notoriety and journalists. On Tuesday, the company’s CEO Linda Yaccarino announced a new deal with Visa for peer-to-peer payments on X.
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 growth is stagnant [and] revenue is unimpressive."
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 underwhelming revenue
Report: Musk Says X Is ‘Barely Breaking Even’ in Letter to Employees
Musk told employees about the controversial social network's financial struggles earlier this month, as US banks look to find buyers for the company's mammoth debt pile.
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 in debt they took on while helping Musk buy Twitter in 2022.
White House Breaks Silence on Elon Musk After Stargate Comments
Musk, the billionaire SpaceX and Tesla CEO, took shots this week at Stargate, Trump's highly touted project, and its partners.
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 ...
financial-world2d
In a letter to employees, Elon Musk wrote that X has financial problems
The richest man in the world, Elon Musk, recently sent letters to the employees of X, stressing that investing in the company ...
Elon Musk’s X partners with Visa on payment service in an effort to become an ‘everything app,’
NEW YORK (AP) — X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — ...
InvestmentNews10h
Firms snap up chunk of $1B debt tied to Musk's X buyout
Diameter Capital Partners and Darsana Capital Partners were among firms that snapped up a major chunk of $1 billion of debt ...
EconoTimes3d
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 ...
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Elon Musk Addresses X’s Financial Struggles as Banks Offload $13 Billion Debt
In a recent internal email to employees, Elon Musk, CEO of X, acknowledged the platform's ongoing financial challenges.
The Financial Express3d
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 ...
Musk’s Trump Endorsement Could Backfire as Tesla Sales Set to Stagnate
Elon Musk’s backing of Donald Trump could become an extraordinary act of self-sabotage as Wall Street banks have predicted ...