It is reported that the bankers have accumulated debt used to provide funds to elon Musk’s social networks, paid $ 44 million in 2022, including raising $ 13 billion. WSJ reports that Morgan Stanley led the fee for selling advanced debt for 90 to 95 cents in the dollar.
As the outlet pointed out, bankers usually do not hold their debts for years, but an unstable period can affect those plans, and volatility has defined X since the acquisition of Musk. The advertiser is concerned that extreme content on the platform could damage the brand. According to the journal’s sources, X’s finance has been improved, but MUSK himself said in a January email seen by WSJ, “Our users have stagnated and revenue. Is not impressive and hardly broken. “
According to the report, the mask was observed in the same email X “power”, which “forms the conversation and results of the people.” However, it is not clear that the power is inviting advertisers. On the other hand, a gesture created by the mask for the first celebration of President Trump, which was interpreted as a rejection of fascist, could further complicate the large brand equation.