Bankers are looking to offload debt stemming from Elon Musk's acquisition of the social network for $44 billion, including significant financing. Morgan Stanley aims to sell senior debt between 90 and 95 cents on the dollar as volatile market conditions challenge the platform's financial health. Though sources indicate X's finances may be improving, Musk himself acknowledged stagnant user growth and unimpressive revenue. Advertisers remain hesitant due to concerns over extreme content, compounded by Musk's controversial behaviors that risk alienating big brands.
Bankers are reportedly gearing up to offload debt used to fund Elon Musk's social network, as volatility and stagnant user growth impact financial stability.
Morgan Stanley is leading efforts to sell senior debt for X, at valued rates of 90 to 95 cents on the dollar amid concerns over extreme content.
Collection
[
|
...
]