In Leaked Email, Elon Musk Admits Defeat on Twitter
Banks, who loaned multi-hyphenate billionaire Elon Musk a stunning $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. Banks are hoping to minimize the hurt as they sell off the debt, a massive scar haunting the mercurial CEO's disastrous social media platform shopping spree. And after a chaotic couple of years, and Musk seemingly doing his best to wipe out what was left of the platform's largely ad-dependant revenue, X-formerly-Twitter's finances have yet to recover. The company […]
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