Elon Musk called the X revenue ‘ineffective’, ‘Mint warns’ very serious situation’

While Elon Musk is often seen publicly praising how X, Twitter, has increased since capturing the company, the billionaire has revealed a very different side of the equation in an email to his employees. .
Musk told X employees in an email that the company is in a very serious situation from the “revenue point of view”. The Wall Street Journal said that the billionaire said, “Our user growth is stable, revenue is ineffective, and we are barely breaking,” Musk said that the mail said in the mail.
Musk said in email, “In the last few months, we have seen the power of X in shaping national conversations and results … Adoption is starting. “
Musk’s struggle to receive X on track:
Musk bought a social media platform, then known as Twitter, in a $ 44 billion deal at the end of 2022. Since his acquisition, Musk has made several changes to the company, including scrapping a free verified program, a payment membership and even changing. Company Name X.
Musk also restored Donald TrumBack The account and the 2024 US presidential election launched a huge campaign for the Republican candidate. The WSJ reported that Musk’s radical change and the sudden political change of the stage caused advertising revenue, but the company’s financial has been continuously improved.
Banks have planned to sell X billions of dollars in debt:
According to the WSJ report, seven US banks plan to sell some of $ 13 billion dollars, which Kasturi borrowed while acquiring Twitter in 2022. While most equity investors have written their stake in about 75%, banks are now planning to sell. Maintaining a more junior stake, senior stake for 90–95 cents on the dollar.
Banks, led by Morgan Stanley, have repeatedly renewed agreements that when X is in a better financial position, do not make compromises not to sell their stakes personally in the hope of coordinated sales.
Since the recent increase of Musk for his alliance with President Trump, investors have approached banks to express interest in buying X’s loan in confidence that the company is now in a better financial position.
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