Elon Musk Twitter Debt
- All
- News
-
Elon Musk Admits Twitter Lost 50% Of Ad Revenue, Says Cash Flow Still Negative
Twitter owner Elon Musk said the company still has a negative cash flow because of its heavy debt load and a roughly 50% drop in advertising revenue.
-
Twitter Cash Flow Still Negative Because of 50 Percent Drop in Ad Revenue, Heavy Debt: Elon Musk
Twitter's cash flow remains negative because of a nearly 50 percent drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.
-
Twitter's Cash Flow Still Negative As Ad Revenue Drops 50%, Says Elon Musk
Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday.
-
Twitter Could Be Cash Flow-Positive By Next Quarter After Aggressively Cutting Costs, Elon Musk Says
Twitter has a chance to become cash flow-positive by the next quarter, CEO Elon Musk said on Tuesday. The company has been marked by chaos and uncertainty since the acquisition by Musk, after multiple rounds of layoffs and other measures to cut costs. Twitter also faces annual interest payments of about $1.5 billion as a result of the debt it took ...
-
Twitter Should Be Stable by End of 2023, Will Be Good Time to Find New CEO Then: Elon Musk
Twitter CEO Elon Musk said that he expects the microblogging site to be stable by the end of 2023. He also said that end of this year would be good timing to find someone else to run the company. "I think I need to stabilise the organisation and just make sure it's in a financially healthy place and that the product roadmap is clearly laid out," Mu...
-
Twitter Makes First Interest Payment to Banks on Elon Musk’s $13 Billion Buyout Loan
Twitter has begun interest payments on the bank loan that helped finance Elon Musk’s $44 billion takeover of the social media platform last year. According to people familiar with the matter, Twitter has made its first interest payment to banks, paying about $300 million last week.
-
Elon Musk Considers Raising $3 Billion to Pay Off Part of Twitter Debt: Report
Elon Musk is reportedly exploring raising $3 billion (roughly Rs. 24,465 crore) in new fundraising to help the billionaire repay a part of the debt he owes from his Twitter buyout deal last year. The Tesla CEO borrowed $13 billion (roughly Rs. 1,06,000 crore) in October from a syndicate of banks including Morgan Stanley and Bank of America.
-
Elon Musk Considers Fundraising $3 Billion To Pay Off Twitter Debt: Report
Elon Musk's team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter Inc for his buyout of the company, the Wall Street Journal reported.
-
Elon Musk Says Twitter on Track to Be "Roughly Cash Flow Break-Even" in 2023
Elon Musk said Twitter is now on track to be "roughly cash flow break-even" next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform. Twitter was previously tracking toward a "negative cash flow situation of $3 billion (nearly Rs. 24, 870 crore) per year" before the cost cuts, Musk said on Wednesday w...
-
Elon Musk's Bankers Consider Tesla Margin Loans to Cut Twitter Debt: Report
Billionaire Elon Musk's bankers are considering providing the Tesla Inc Chief Executive Officer with new margin loans backed by the US automaker's stock to replace some of the high-interest debt on his Twitter deal, Bloomberg News reported.
-
Elon Musk Warns of Twitter Bankruptcy Amid Senior Executive Exodus, US FTC Warning
Elon Musk on Thursday warned that Twitter could face bankruptcy, as more senior executives exited the firm and a US privacy regulator warned that it was monitoring the microblogging platform. The US Federal Trade Commission said it was watching Twitter with "deep concern" after the three privacy and compliance officers quit. These resignations pote...
-
Twitter's 'Massive' Revenue Drop Adds to Firm's Heavy Debt Burden After Elon Musk Takeover
Elon Musk recently announced that Twitter had taken a massive hit to revenue since he completed his takeover deal over a week ago. The microblogging service was losing more than $4 million (roughly Rs. 33 crore) a day, largely because advertisers started fleeing once he took over. Musk has also blamed civil rights activists pressuring advertisers, ...
-
Twitter's "Massive" Revenue Drop Adds To Its Heavy Debt Burden, Here's Why
Elon Musk's revelation that Twitter has suffered a "massive" revenue drop since he took over 10 days ago underscores the precarious nature of the social media company's finances after he saddled it with $13 billion in debt, credit experts say.
-
Elon Musk-Twitter Takeover: Banks Said to Be Forced to Hold on to Twitter Deal Debt
Days ahead of the deadline for Elon Musk to close the deal to purchase Twitter, the banks that are providing $13 billion (roughly Rs. 1,07,300 crore) in financing for the deal are said to have dropped their plans to syndicate the debt to investors. Instead, the banks such as Morgan Stanley, Barclays, and Bank of America could keep it on their bala...
-
Banks Forced To Hold On To Twitter Deal Debt: Report
The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses.
-
Elon Musk Admits Twitter Lost 50% Of Ad Revenue, Says Cash Flow Still Negative
Twitter owner Elon Musk said the company still has a negative cash flow because of its heavy debt load and a roughly 50% drop in advertising revenue.
-
Twitter Cash Flow Still Negative Because of 50 Percent Drop in Ad Revenue, Heavy Debt: Elon Musk
Twitter's cash flow remains negative because of a nearly 50 percent drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.
-
Twitter's Cash Flow Still Negative As Ad Revenue Drops 50%, Says Elon Musk
Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday.
-
Twitter Could Be Cash Flow-Positive By Next Quarter After Aggressively Cutting Costs, Elon Musk Says
Twitter has a chance to become cash flow-positive by the next quarter, CEO Elon Musk said on Tuesday. The company has been marked by chaos and uncertainty since the acquisition by Musk, after multiple rounds of layoffs and other measures to cut costs. Twitter also faces annual interest payments of about $1.5 billion as a result of the debt it took ...
-
Twitter Should Be Stable by End of 2023, Will Be Good Time to Find New CEO Then: Elon Musk
Twitter CEO Elon Musk said that he expects the microblogging site to be stable by the end of 2023. He also said that end of this year would be good timing to find someone else to run the company. "I think I need to stabilise the organisation and just make sure it's in a financially healthy place and that the product roadmap is clearly laid out," Mu...
-
Twitter Makes First Interest Payment to Banks on Elon Musk’s $13 Billion Buyout Loan
Twitter has begun interest payments on the bank loan that helped finance Elon Musk’s $44 billion takeover of the social media platform last year. According to people familiar with the matter, Twitter has made its first interest payment to banks, paying about $300 million last week.
-
Elon Musk Considers Raising $3 Billion to Pay Off Part of Twitter Debt: Report
Elon Musk is reportedly exploring raising $3 billion (roughly Rs. 24,465 crore) in new fundraising to help the billionaire repay a part of the debt he owes from his Twitter buyout deal last year. The Tesla CEO borrowed $13 billion (roughly Rs. 1,06,000 crore) in October from a syndicate of banks including Morgan Stanley and Bank of America.
-
Elon Musk Considers Fundraising $3 Billion To Pay Off Twitter Debt: Report
Elon Musk's team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter Inc for his buyout of the company, the Wall Street Journal reported.
-
Elon Musk Says Twitter on Track to Be "Roughly Cash Flow Break-Even" in 2023
Elon Musk said Twitter is now on track to be "roughly cash flow break-even" next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform. Twitter was previously tracking toward a "negative cash flow situation of $3 billion (nearly Rs. 24, 870 crore) per year" before the cost cuts, Musk said on Wednesday w...
-
Elon Musk's Bankers Consider Tesla Margin Loans to Cut Twitter Debt: Report
Billionaire Elon Musk's bankers are considering providing the Tesla Inc Chief Executive Officer with new margin loans backed by the US automaker's stock to replace some of the high-interest debt on his Twitter deal, Bloomberg News reported.
-
Elon Musk Warns of Twitter Bankruptcy Amid Senior Executive Exodus, US FTC Warning
Elon Musk on Thursday warned that Twitter could face bankruptcy, as more senior executives exited the firm and a US privacy regulator warned that it was monitoring the microblogging platform. The US Federal Trade Commission said it was watching Twitter with "deep concern" after the three privacy and compliance officers quit. These resignations pote...
-
Twitter's 'Massive' Revenue Drop Adds to Firm's Heavy Debt Burden After Elon Musk Takeover
Elon Musk recently announced that Twitter had taken a massive hit to revenue since he completed his takeover deal over a week ago. The microblogging service was losing more than $4 million (roughly Rs. 33 crore) a day, largely because advertisers started fleeing once he took over. Musk has also blamed civil rights activists pressuring advertisers, ...
-
Twitter's "Massive" Revenue Drop Adds To Its Heavy Debt Burden, Here's Why
Elon Musk's revelation that Twitter has suffered a "massive" revenue drop since he took over 10 days ago underscores the precarious nature of the social media company's finances after he saddled it with $13 billion in debt, credit experts say.
-
Elon Musk-Twitter Takeover: Banks Said to Be Forced to Hold on to Twitter Deal Debt
Days ahead of the deadline for Elon Musk to close the deal to purchase Twitter, the banks that are providing $13 billion (roughly Rs. 1,07,300 crore) in financing for the deal are said to have dropped their plans to syndicate the debt to investors. Instead, the banks such as Morgan Stanley, Barclays, and Bank of America could keep it on their bala...
-
Banks Forced To Hold On To Twitter Deal Debt: Report
The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses.
