Musk acquired X for $44 billion in October 2022, taking the company private. As part of this acquisition, seven banks, including Morgan Stanley (MS) and Bank of America (BAC), lent Musk $13 billion to finance the purchase. However, a Wall Street Journal report d...
Musk shared his ideas about offering several financial services on X before. In fact, he said it in his very firstmeeting with Twitter employees, but it looks like his ambitions have continued to grow. "If it involves money. It’ll be on our platform. Money or securities or whatever. So...
Elon Musk has risen to fame by founding some of the most innovative tech companies in the world today, including electric vehicle maker Tesla and space exploration company SpaceX. Today, Musk ranks as the richest person in the world, according to Bloomberg, largely thanks to his roughly 13 pe...
X still banned after Brazil takes $3.3 million fine from Musk companies X and Starlink had their bank accounts unfrozen after the payment. 09/13/2024 By Matt Binder X paid its Brazil fines to the wrong bank, court says This will delay X's return to Brazil. 10/06/2024 By Anna Io...
Social network X, owned by Tesla (TSLA) CEO Elon Musk, will suspend using personal data to train the artificial intelligence chatbot Grok in the European Union. Read for more.
Elon Musk has said running Twitter has been "quite painful" and "a rollercoaster", in a last-minute interview with the BBC. Read the transcript here.
Elon Musk has wanted to build X.com into a super app for a very long time. As described by Walter Isaacson, who is writing a Musk biography, when Musk launched the online bank X.com in 1999, his original concept was to turn the website into a “one-stop everything-store for all ...
But Musk has more on the line than losing advertisers and users, given that he bought Twitter for $44 billion in a deal that included$12.5 billion in loansfrom banks including Morgan Stanley and Bank of America. The value of X has dwindled to about $19 billion, down about 55% from Mus...
Spend Elon Musk's Fortune! If Elon cashed out all of his stocks & assets today he would have approximately$354,000,000,000(US Dollars) in his bank account (Forbes 2024). ¿What would youspend iton? ¡Have your receipt at the end!
X said in a post that the agreement with Unilever was “the first part of the ecosystem-wide solution and we look forward to more resolution across the industry.” That’s the same industry, it’s worth noting, that Musk last year publicly told to go f—— themselves. Related More...