X Corp
Brief
X’s $13 Billion Debt Strain on Banks: Can Elon Musk’s Verbal Promises Shield Them from Losses?
Dazeinfo -
In October 2022, Elon Musk made headlines with his astonishing $43 billion acquisition of Twitter, a move facilitated by a substantial $13 billion loan from prominent financial institutions. However, since then, the social media platform has been facing challenges...
Brief
X Loses Major Advertisers: Disney Boosts Instagram with a 40% Surge in Ad Spending
Dazeinfo -
Last month, many industry titans, such as Walt Disney, Apple, IBM and Comcast, abruptly halted their advertisements on the X platform. This abrupt move was triggered by Elon Musk's controversial antisemitic posts and comments on the X platform, which stirred...
Brief
X Advertising Revenue Drops Nearly 40% in 2023: Can Subscription Push Fill the Gap?
Dazeinfo -
Elon Musk's owned X, formerly Twitter, continues to grapple with a substantial dip in its advertising revenue. The social media platform is estimated to generate roughly $2.5 billion in advertising revenue in 2023, a nearly 40% decline from the...
Brief
Elon Musk has finally killed Twitter Inc.
Dazeinfo -
Much before acquiring Twitter Inc., Elon Musk had revealed his intention of delisting Twitter from the stock market. Little did anyone think at the time he would eventually kill the existence of the company. Elon Musk has merged Twitter...
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Latest News
Quick Commerce War Heats Up: Can Flipkart Catch Zepto After the Failed Acquisition?
When a big company intends to enter a new business segment from scratch, it often prefers to acquire an...
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