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2025-01-25 01:45:07 UTC

Aure Free Press :verified: on Nostr: MUSK A BUST! Cutting Their Losses Banks that loaned billionaire Elon Musk a ...

MUSK A BUST!

Cutting Their Losses

Banks that loaned billionaire Elon Musk a jaw-dropping $13 billion for his ill-advised $44 billion acquisition of Twitter in late 2022 are getting ready to offload billions of debt they accrued as a result, the Wall Street Journal reports.

"Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even,"
- Elon Musk in leaked email to employees
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