Wall Street banks plan to sell X debts at a reduced price

Bankers are said to be preparing to empty debts used to finance Elon Musk’s social network, which paid $ 44 million in 2022, including $ 13 billion in financing. Morgan Stanley leads this campaign, hoping to sell excellent debts at a price of 90 and 95 cents per dollar. Wall Street Journal reports.

The perpetrator also indicates, usually the bankers do not retain debts for years, but the volatile periods can affect these plans, and x fluctuations have been identified since the acquisition of Musk, with advertisers evading fears that the extremist content on the platform may harm their commercial signs. Although the magazine sources say that the financial situation of the company X is improving, Mask himself told the employees in an email in January, which was seen by Wall Street Journal that “the growth of our users is stagnant, and the revenues are not impressive, and we hardly draw a tie.” .

According to what was reported, “Mask” in the same email “X” in “forming national talks and results.” However, it is not clear whether its strength attracts advertisers again. Meanwhile, a gesture “Musk” made it in the opening celebration of President Trump, which many have interpreted as an Fascist greeting It can increase the complexity of the equation for major brands.