TECH: X (formerly Twitter) is struggling financially, with banks preparing to sell off debt taken on during Musk's acquisition. Musk admitted to staff that revenue is low and user growth is stagnant. Despite claims of becoming cash-flow positive, X still faces over $1 bI in annual interest payments.
TECH: X (formerly Twitter) is struggling financially, with banks preparing to sell off debt taken on during Musk's acquisition. Musk admitted to staff that revenue is low and user growth is stagnant. Despite claims of becoming cash-flow positive, X still faces over $1 bI in annual interest payments.
— Celo Zaga (@celozaga.bsky.social) Jan 26, 2025 at 00:18
[post original]
TECH: X (formerly Twitter) is struggling financially, with banks preparing to sell off debt taken on during Musk's acquisition. Musk admitted to staff that revenue is low and user growth is stagnant. Despite claims of becoming cash-flow positive, X still faces over $1 bI in annual interest payments.