In leaked E -Mail admits Elon Musk Defeat on Twitter

“Our user growth is stagnant, the revenue is not impressive, and we hardly even break.”

Cuts loss

Banks that borrowed multi-hyphenate billionaire Elon Musk, a noticeable $ 13 billion for his badly advised $ 44 billion acquisition of Twitter by the end of 2022, getting ready to relieve billions of debt they were released as a result, the Wall Street Journal Reports.

The hope is to minimize the wound when selling the debt, a massive scar that haunts Mercurial CEO’s disastrous social media platform shopping spree.

After a chaotic couple of years and Musk apparently did its best to wipe out what was left of the platform’s largely ad-dependent turnover with increasingly erratic behavior, X-earlier Twitter’s economy has not yet recovered. The company is still drowning in accumulated debt while borrowers are struggling with massive payments.

In short, the economy still looks pretty serious -as Musk itself admitted in a January -e -Mail to staff that have been reviewed by WSJ.

“Our user growth is stagnant, the turnover is not impressive, and we hardly break evenly,” he admitted.

Scrape past

Musk’s own actions, including racist tirades, rage attacks and personal insults, sent advertisers – the platform’s top source of income – ran for the hills.

X has maintained that it is Finance is improvingThe WSJ Reports, with brands coming back to advertise on the platform.

But as the increasingly hateful microblogging site continues to embrace what it claims to be “freedom of speech”, several key competitors, including Meta’s threads and Twitter-alternative Bluesky, have turned out to be serious competitors.

Both platforms have seen one Dramatic influx of new users fleeing from TwitterWhich indicates widespread disillusionment with Musk’s contempt for content moderation and embrace of extreme to the far right.

Now that Musk has catapulted on the political world scene by throwing themselves at Trump’s feet, banks apparently see the moment as an opportunity to sell their debt without incurred major losses.

In short, Musk’s acquisition of Twitter remains a big spot on his resume.

At the same time, the platform has proven to be a powerful tool for pumping a fire guard of hate opinion, state propaganda and disinformation. And who knows how much It is Worth Musk or Trump?

“Over the past few months, we have witnessed the force in X to shape national conversations and results,” the Musk IE email wrote.

More on Twitter: Elon Musk once said he mainly tweets while popping, so we now have serious concerns about the state of his gastrointestinal system