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Elon Musk, X and Wall Street
Wall Street hopes to get rid of a bad Elon Musk bet
Wall Street banks are hoping this is the week when they can start to recover more from the bad bets they made on Elon Musk’s Twitter buyout. Morgan Stanley (MS) and Bank of America (BAC) are among the banks that plan to sound out investors in the coming days to buy portions of debt initially provided to Musk in 2022 to take over the social media
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.
X Debt Shopped With $6 Billion Sweetener From Elon Musk’s AI Bet
Wall Street banks, finally within striking distance of offloading debt tied to X, have a sweetener on offer for potential buyers: a claim on the social-media platform’s stake in Elon Musk’s artificial intelligence venture.
59m
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 ...
3d
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 ...
4d
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 ...
3d
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 ...
1d
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.
Wall Street Journal
8d
Spotlight on Elon Musk, Trump’s ‘First Buddy’
Elon
Musk
’s quarter of a billion dollars in support for Donald ... But folding the world’s richest man into Trump World ...
Futurism on MSN
4d
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 ...
1d
on MSN
Elon Musk's DOGE Is Hiring People Eager to 'Work Long Hours' to Eliminate 'Waste, Fraud and Abuse' in the Government. Here's How to Apply.
The Department of Government Efficiency is hiring U.S. citizens to help cut spending and headcounts in the federal government ...
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