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— 📱 /🇺🇸 NEW: The Wall Street Journal reports that banks are preparing to sell off some of the $13 billion in debt they loaned Elon Musk for his Twitter acquisition
Morgan Stanley has reportedly contacted investors about a planned sale next week of up to $3 billion in debt. Recently, they sold around $1 billion in debt to various investors.
In a recent email to staff, Musk stated: ‘Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even.’