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Wall Street Banks Prepare to Sell Billions of Dollars of X Loans (www.wsj.com)
submitted 3 months ago by misk@sopuli.xyz to c/technology@lemmy.world
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Mirror: https://archive.is/2025.01.24-212950/https://www.wsj.com/finance/banking/wall-street-banks-prepare-to-sell-billions-of-dollars-of-x-loans-c609beb1

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[-] bamboo 119 points 3 months ago

In a January email to staff, Musk pointed to the company’s growing influence and power, but said the finances remain problematic.

“Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even,” he said in the email, which was reviewed by The Wall Street Journal.

Geee I wonder what could have caused this?

[-] Hideakikarate@sh.itjust.works 117 points 3 months ago

This certainly hasn't helped.

this post was submitted on 24 Jan 2025
274 points (100.0% liked)

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