According to reports, Elon Musk's social media platform X seems to have recovered financially after suffering the final result in the last two years.
Wall Street Bunker is ready to sell up to $ 3 billion of Debt with Tesla and SPACEX since 2022 to acquire a site that had been previously known as Twitter for $ 44 billion. I am doing.
In 2024, debts have been sold in a series of financial financial benefits, which shows about $ 1.2 billion of revenue, before interest, tax, depreciation, and before (eBitDa). People who are familiar with this problem told Bloomberg。
According to the report, these revenues include EBITDA, an eBitDa of $ 710 million in the last three months of the year, $ 400 million.
According to Bloomberg, the number of $ 1.2 billion is almost the same as before the mask inherited, but the latest finances have an important list of adjustments to improve the outlook.
The representative of the mask did not respond immediately to the comment request.
The company has about $ 400 million cash on the balance sheet. This is a rapid decline from $ 1.4 billion in 2022, and the sources told Bloomberg.
MORGAN STANLEY BANKERS has reached out to investors prior to the planned debt sales. Reported by Wall Street Journal on friday.
Other Wall Street Banks, including Bank of America and Barclays, also issued a loan to Musk to acquire Twitter.
The bank anticipates that it will acquire 90-95 cents in the dollar for senior holdings, while holding junior holdings.
The banks usually sell such a loan immediately after the transactions were closed, but since Musk acquired the platform, it was an challenge to offload X debt.
In 2023, the advertiser fled from the platform after MUSK reunited the anti -Jewish post of another user, “You have said the truth.”
Some of these advertisers, including Bob Igar's Disney, resumed the platform advertisement last year after the mask told the company to “go by himself” last year.
Currently, Amazon is increasing the increase in X, and in late 2023, Apple, which brought out all advertising dollars from X, has a recent discussion on advertising on the platform. The journal reported on Thursday。
The public image of the mask approached Donald Trump, donated millions to the presidential election, joined him at a rally, and rebounded by talking at the inauguration ceremony. He has been tapped to reduce government waste through newly formed government efficiency.
According to the journal, investors have expressed interest in reaching banks and purchasing debts.
Earlier this month, by e -mail to the staff, the mask acknowledged X's influence.
For example, Mark Zuckerberg has recently followed MUSK's footprints when the fact confirmation policy was X -fact confirmation policy on the entire Meta platform.
But the mask said the company's finances are still a problem.
“The growth of our users is stagnant, and the profits are not impressive. We are barely broken,” he said in the e -mail acquired by the journal.
With X post The mask stated that the report was wrong And the journal is “I'm lying.”
