Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when Musk acquired the site ...

The deal was said to be offered to a small group of investors by the bank consortium that also included Bank of America. Read ...

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by ...

The world's richest man, now firmly embedded in the Trump administration, has lost over $11 billion since the start of the ...

Elon Musk recently shared to X employees that the company is struggling to break even, and it is still its problem.

According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and ...

That answer may well be true. After all, sales of purely internal combustion vehicles have been in decline globally since ...

Musk has tried several different ways to boost X’s profits, including making users pay for verification, something that had ...

The Wall Street Journal reports that banks are planning to sell part of the $13 billion in debt they gave Musk to buy Twitter ...

By Shankar Ramakrishnan (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent ...

Morgan Stanley, Bank of America, Barclays, X and Elon Musk did not immediately respond to requests for additional comment. Banks typically sell such loans to investors soon after a deal is done ...