November 15, 20240 Comments

Musk’s political ascendancy stirs hopes of redemption for X banks By Reuters

By Shankar Ramakrishnan and Echo Wang (Reuters) – Elon Musk’s political ascendancy has some Wall Street banks hoping they may soon be able to offload $13 billion of debt that backed the billionaire’s purchase of the social media platform X, three banking sources said. Some of the lenders in the consortium, which included Morgan Stanley (NYSE:) and Bank of America, think Musk’s emergence as a close aide to President-elect Donald Trump

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November 13, 20240 Comments

The Guardian stops posting on Elon Musk’s ‘toxic’ X

British newspaper group the Guardian has announced it will no longer post on X, formerly Twitter, saying it has become a “a toxic media platform”. In a message to readers, it said the US presidential election “underlined” its concerns that its owner, Elon Musk, had been able to use X to “shape political discourse.” Mr Musk strongly backed Donald Trump and has now been given a role cutting government spending

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