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X Is Barely Breaking Even According to Elon Musk and Banks Are Making Their Move to Sell

Elon Musk recently shared to X employees that the company is struggling to break even, and it is still its problem.

PETER PARKS/AFP via Getty ImagesIt is nearing three years since Elon Musk first bought Twitter as part of an acquisition deal that he was not able to get out of, and the executive recently admitted to X's staff that the company is "barely breaking even." On the other hand, the Wall Street Journal shared a report saying that banks that loaned Musk the money to buy Twitter are now preparing to make a 'coordinated move' to sell off the debts. Musk owes a lot of money because of his bold move to acquire X and make it a private company after being the largest shareholder back in 2022, and despite almost three years in the social media business, they are still struggling.

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