Just before X CEO Linda Yaccarino met with banks to find a loan, there were some developments on the subject. The current value of X was revealed with the credit conditions of the banks.
Twitter, which Elon Musk bought for $44 billion and rebranded as X. financially It’s not in a very good condition. The platform, which was managed by Elon Musk, suffered a loss of income mainly due to the withdrawal of advertisers. Linda Yaccarino, who became the CEO of the company a few months ago, told in order to provide resources He is working with all his might. In fact, CEO of X will meet with executives of giant banks such as Morgan Stanley and Bank of America in the coming hours.
Neither Yaccarino nor the financial giants had any information about the meeting. They didn’t make a statement. But with the Financial Times Reutershas some claims on the subject. Financial Times sources revealed the conditions that banks will offer to CEO X to invest. Reuters has X’s current financial value calculated. Let’s take a closer look at the explanations about the final point that X has reached.
Investors want Elon Musk to be kept away from X
Financial Times sources spoke with an employee of one of the banks where X CEO Linda Yaccarino will meet, who is familiar with the issue. According to the information obtained, the employee in question stated that one of the most important conditions for giving a loan to Keeping Elon Musk away from X said that. According to the employee, the statements made by Elon Musk and the decisions taken, increases tension and making it difficult for advertisers to return to the platform…
The current value of X is 8 billion dollars!
Reuters made a calculation based on all the data shared to date. According to the calculation made, the current value of 8 billion dollars. This figure is well below what Elon Musk paid. In addition, the company’s debt $13 billion It is already known that it is. From here; We conclude that the current value of X is even lower than Elon Musk’s debt. We will see together what X will do in the future and how it will cease to be a black hole for Elon Musk.