from Hacker News

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

by spikels on 2/6/25, 7:08 AM with 4 comments

  • by spikels on 2/6/25, 7:10 AM

    From article:

    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's finances hit an inflection point a few months before the November election.

    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.

  • by spikels on 2/6/25, 7:18 AM

  • by JumpCrisscross on 2/6/25, 8:21 AM

    Musk's Twitter acquisition has made him the second most powerful man in America. He isn't going to give that up over $13bn.