The Wall Street Journal reports banks are close to selling some of the $13 billion in debt they took on while helping Musk buy Twitter in 2022.

According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and underwhelming revenue

Since his takeover of then-Twitter in 2022, Mashable has reported that X's user base has declined, fleeing for alternatives like Bluesky, especially after the 2024 U.S. presidential election. Advertisers have been no different, with the trend of companies removing ads on X expected to continue this year.

Major banks are trying to offload portions of the massive $13 billion debt package that helped Musk's acquisition of Twitter (now known as X), according

Musk's email highlighted that despite X's influence in shaping national conversations, its financial performance has not met expectations.

On President Trump’s first day in office, Elon Musk already has a coveted White House email address. A source tells The Hill that Musk, the billionaire who will head up the Department

Elon Musk has admitted to the financial woes of his social media platform X. In an email to employees this month, Musk said that X is barely breaking even amid stagnant user growth and unimpressive revenue.

Musk reportedly wrote, "we've witnessed the power of X in shaping national conversations and outcomes... [but] our user growth is stagnant [and] revenue is unimpressive."

Elon Musk's email to X employees reveals the company faces serious revenue issues, with stagnant user growth and barely breaking even. Despite recent changes and a push for free speech, ad revenue has declined significantly since his $44 billion takeover.

X owner Elon Musk said growth on his platform is "stagnant" and revenue is "unimpressive" in a January email to staff that was reported by the Wall Street Journal on Friday. "And we're barely breaking even,