Elon Musk email to X staff: ‘we’re barely breaking even’
SMRTR summary
X (formerly Twitter) faces revenue challenges and stagnant user growth, with banks preparing to sell off portions of the $13 billion debt used to finance Elon Musk's acquisition. Despite Musk's efforts to reshape the platform, including new features and AI ambitions, the company struggles with over $1 billion in annual interest payments.
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