Elon Searching for Investors Gullible Enough to Pour More Money Into Twitter

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Futurism 1d ago

Elon Searching for Investors Gullible Enough to Pour More Money Into Twitter - Futurism

Quick Summary:

Just take it from Musk himself: In a leaked email from late January, the mogul told X employees that "our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even".

These include Musk's much-ridiculed promise to turn X into a combination banking, dating, and video platform, or, as he calls it, "the Everything App".

The debt buyers are seemingly encouraged by Musk's close ties to president Donald Trump, as well as the cash flowing into Musk's artificial intelligence project, xAI.