the wall street journal, Musk and Bank of America

Wall Street hopes to get rid of a bad Elon Musk bet
Wall Street banks are hoping this is the week when they can start to recover more from the bad bets they made on Elon Musk’s Twitter buyout. Morgan Stanley (MS) and Bank of America (BAC) are among the banks that plan to sound out investors in the coming days to buy portions of debt initially provided to Musk in 2022 to take over the social media
Wall Street banks to sell billions in loans given to Elon Musk for purchase of X
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.
Wall Street Banks Set to Sell $3 Billion in X Loans, Sources Say
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday. Morgan Stanley bankers have contacted investors ahead of a planned sale next week, the sources said.
Wall Street wants to unwind a troubled Elon Musk investment
This story incorporates reporting from AOL.Wall Street banks are seeking to mitigate losses from the debt associated with Elon Musk’s acquisition of Twitter. In an effort to recover a portion of their investment,
SEC charges against Elon Musk rocked Wall Street — but is the tech CEO a victim of lawfare?
The charges even have an added advantage of driving a wedge between Trump’s new SEC chair, Paul ­Atkins, and his enforcement staff that investigated the matter if ­Atkins raises these issues and looks to dismiss or impose a slap-on-the-wrist penalty.
Fellow American billionaire calls Elon Musk’s political activities ‘insane s***’
Bill Gates has hit out at fellow billionaire Elon Musk and denounced his political activities as “insane s***.” The Microsoft CEO and philanthropist, who went to Mar-a-Lago last month for a three-hour dinner with President Donald Trump,
Elon Musk Lackeys Have Taken Over the Office of Personnel Management
Sources tell WIRED that OPM’s top layers of management now include individuals linked to xAI, Neuralink, the Boring Company, ...
Elon Musk told staff X is ‘barely breaking even’, reports say
Musk has tried several different ways to boost X’s profits, including making users pay for verification, something that had ...
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.
X Debt Shopped With $6 Billion Sweetener From Elon Musk’s AI Bet
Wall Street banks, finally within striking distance of offloading debt tied to X, have a sweetener on offer for potential ...
Elon Musk email to X staff: ‘we’re barely breaking even’
As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some ...
X 'barely breaking even,' Musk reportedly emailed staff
Since his takeover of then-Twitter in 2022, Mashable has reported that X's user base has declined, fleeing for alternatives ...
Futurism on MSN4d
In Leaked Email, Elon Musk Admits Defeat on Twitter
Twitter's financials are still looking pretty dire — as owner Elon Musk himself admitted in a January email to staff reviewed ...
From DEI to WFH: Here’s What to Expect From Elon Musk’s DOGE When It’s Fully Operational
There are already some signals about which government expenses could be on the chopping block for Elon Musk's DOGE.