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Banks Sell $5.5B of X Loans After Interest Surges [2024:$1.2B EBITDA, $2.7B Rev]

8 pointsby spikels3 months ago

3 comments

spikels3 months ago
From article:<p>X also reported to the investors 2024 adjusted earnings before interest, taxes, depreciation and amortization of about $1.25 billion and annual revenue of $2.7 billion. Investors said that was a better picture than they had expected and that X&#x27;s finances hit an inflection point a few months before the November election.<p>In 2021, Twitter reported adjusted Ebitda of about $682 million and about $5 billion in revenue. That was the last full year before Musk took the company private.
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spikels3 months ago
<a href="https:&#x2F;&#x2F;archive.is&#x2F;evLAL" rel="nofollow">https:&#x2F;&#x2F;archive.is&#x2F;evLAL</a>
JumpCrisscross3 months ago
Musk&#x27;s Twitter acquisition has made him the second most powerful man in America. He isn&#x27;t going to give that up over $13bn.