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banker are reportedly gearing up to offload debt used to fund Elon Musk ’s social connection , for which he paid $ 44 billion in 2022 , include $ 13 billion in funding . Morgan Stanley is leading the charge , hoping to trade senior debt at between 90 and 95 cents on the dollar , report the WSJ .
As notes the wall plug , bankers typically do n’t hold debt for years , but explosive full stop can impact those plan , and unpredictability has limit X since Musk ’s takeover , with advertisers skedaddle over concerns that extreme content on the platform could damage their brand . Though Wall Street Journal sources say that X ’s financials are better , Musk state staffers in a January email seen by the WSJ that “ [o]ur drug user ontogenesis is stagnant , revenue is unimpressive , and we ’re barely fall in even . ”
Musk reportedly observed in that same email X ’s “ power ” in “ shape internal conversations and resultant . ” It is n’t clear that its baron is entice back advertisers , however . Meanwhile , agesturemade by Musk at President Trump ’s inaugural festivity that many see as a fascist salutation could further elaborate the equivalence for prominent brands .
