Sources: bankers trying to offload ~$3B in X debt claim X had $1.2B in adjusted EBITDA in 2024, roughly flat from before Elon Musk's buyout, a sign of recovery (Bloomberg)

Bloomberg:
Sources: bankers trying to offload ~$3B in X debt claim X had $1.2B in adjusted EBITDA in 2024, roughly flat from before Elon Musk's buyout, a sign of recovery  —  Investors are starting to get their most complete look yet at the financial picture of social media platform X in the chaotic three years since its buyout by Elon Musk.



from Techmeme https://ift.tt/zOCcujA

Comments

Popular posts from this blog

Zombie startups

Guilherme Rambo, who has published scoops about unreleased Apple products by examining beta software, says Apple locked his dev account with no stated reason (Buster Hein/Cult of Mac)

Minneapolis Mayor Jacob Frey wins tough reelection fight over a slew of challengers