Barclays has become the latest blue chip firm to tighten its office attendance policy, asking staff to attend the office a minimum of three days a week. The British-headquartered lender unveiled a more stringent approach to hybrid working in a memo to staff earlier this week,
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.
Musk has tried several different ways to boost X’s profits, including making users pay for verification, something that had previously been given to users of notoriety and journalists. On Tuesday, the company’s CEO Linda Yaccarino announced a new deal with Visa for peer-to-peer payments on X.
Diameter Capital Partners and Darsana Capital Partners were among firms that snapped up a major chunk of $1 billion of debt tied to Elon Musk’s buyout of X, according to people with knowledge of the matter.
According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and underwhelming revenue
Wall Street banks, led by Morgan Stanley, are preparing to sell up to $3 billion in debt tied to Elon Musks social media platform X, previously known as Twitter. Sources revealed that Morgan Stanley bankers have
Musk reportedly tells X staff 'we're barely breaking even' as the big banks start getting antsy over their debt When you buy through links on our articles, Future and its syndication partners may earn a commission.
The Wall Street Journal reports that banks are planning to sell part of the $13 billion in debt they gave Musk to buy Twitter.
Elon Musk warns X staff of stagnant user growth and revenue challenges while banks plan to sell $13 billion in X debt.
In an e-mail to X employees, quoted by The Wall Street Journal, Elon Musk has said that the social network is facing serious revenue problems and stagnant user growth. Musk admitted: “Our user growth is stagnant,
Morgan Stanley, Bank of America, Barclays, X and Elon Musk did not immediately respond to requests for additional comment. Banks typically sell such loans to investors soon after a deal is done ...
Tesla's CEO, who has called for an end to EV subsidies, declined to weigh on Trump's plans to reverse the Biden EV "mandate."