Elon Musk’s cost-cutting unit hasn’t yet made any announcements about what sort of suggestions it will make. That’s not to say there hasn’t already been plenty of drama surrounding the department. Co-chair Vivek Ramaswamy left DOGE before its official launch amid reports of tension with Musk,
As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some unnamed investors may be interested in buying based on a belief that its financials are on the way up.
Since his takeover of then-Twitter in 2022, Mashable has reported that X's user base has declined, fleeing for alternatives like Bluesky, especially after the 2024 U.S. presidential election. Advertisers have been no different, with the trend of companies removing ads on X expected to continue this year.
A Wall Street Journal poll indicates that Elon Musk is becoming more unpopular in the public's eyes after taking over the Department of Government Efficiency.
The charges even have an added advantage of driving a wedge between Trump’s new SEC chair, Paul ­Atkins, and his enforcement staff that investigated the matter if ­Atkins raises these issues and looks to dismiss or impose a slap-on-the-wrist penalty.
Twitter's financials are still looking pretty dire — as owner Elon Musk himself admitted in a January email to staff reviewed by the WSJ.
Elon Musk warns X staff of stagnant user growth and revenue challenges while banks plan to sell $13 billion in X debt.
A union boss who's critical of the federal-worker RTO mandate says he thinks Elon Musk is ignorant of the work civil servants do.