The Wall Street Journal reports that banks are preparing a coordinated move to sell a portion of $13 billion in debt, so much so that they lent Ilon Mask to finance a transaction to acquire a former Twitter. Morgan Stanley is leading the charge, hoping to sell the longest debt obligations at a price of 90-95 cents on the dollar.
Author:
https://rb.ru/author/alipova/
Subscribe to RB.RU on Telegram
According to the publication, bankers generally do not carry debt obligations for many years. But one of the reasons Bank of America, Barclays and Morgan Stanley still have so many debt obligations with them is that they are trying to avoid selling at a loss.
Prices are influenced by a variety of circumstances, and Musk all this time led a long lawsuit, and in general, instability is characteristic of X from the moment of absorption.
Advertisers are leaving due to fears that ambiguous content on the platform could harm their brands. The platform is increasingly becoming a testing ground for the mask of ambitions in the field of artificial intelligence, which not everyone supports either.
At the same time, the social network is developing: X added new features such as vacancy announcements and tabs with vertical videos, like Tiktok. Many also believe that the arrival of Trump to power will improve the situation.
But although WSJ sources report that X financial indicators are improving, Musk himself in January in an email to employees wrote: “User growth is stagnant, revenue is not impressive, and we are barely making of month. “
Shortly after this material appeared in the newspaper, Musk wrote on his X account that “this material is false. I didn’t send that letter. WSJ is lying” (Quote for Tass).
Author:
Ekaterina Alipova
Source: RB

I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.