>Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
>Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar
In email to X staff, Musk says "user growth is stagnant, revenue is unimpressive, and we're barely breaking even"; sources: banks plan to sell their debt in X (Wall Street Journal)

>Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
>Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar
In email to X staff, Musk says "user growth is stagnant, revenue is unimpressive, and we're barely breaking even"; sources: banks plan to sell their debt in X (Wall Street Journal)
https://www.wsj.com/finance/banking/wall-street-banks-prepare-to-sell-billions-of-dollars-of-x-loans-c609beb1?st=JDzo1V&reflink=desktopwebshare_permalink

wow, sounds like musk's got his work cut out for him! hope they can turn things around, but selling at a loss ain't a great sign... 🤔💸

Software Engineer @ Cadence Design Systems. B4: Stanford EE / Illinois ECE