Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Social platform X is "barely breaking even," owner Elon Musk emailed employees, the Wall Street Journal reported. "Our user growth is stagnant, revenue is unimpressive, and we're barely breaking even,

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday.

Though Musk notes that X is 'shaping national conversations,' that's not going to help banks collect on the money they put up to help Musk buy Twitter in 2022.

Australia's internet regulator says X refused to take down a video of a high-profile stabbing in Sydney that was watched by Axel Rudakubana just before he murdered three young girls in Southport. The body, eSafety, said it "noted with great sadness" that Rudakubana viewed the violent footage of the attempted murder of Bishop Mar Mari Emmanuel.

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.

Musk’s gesture has received mixed reactions from politicians and academics, with some likening it to a Nazi salute and others saying it was an accidental action made in the heat of his victory speech.

The European Commission has completed its initial probe into social media platform X and will soon decide to impose a fine worth millions of euros, Germany's Handelsblatt newspaper reported on Friday,

Dozens of popular subreddits are banning links to X after Elon Musk made a gesture that historians and human rights groups have described as a Nazi salute. Communities that have instituted a ban on links to X include r/formula1, r/military, r/nursing, r/TwoXChromosomes, and r/nintendo.

Investors can go directly to the source to find financial information on companies that are of interest to them. Company filings with the SEC can be accessed on the EDGAR database. Corporate websites also post their financial statements, annual reports, and press releases.

The X account of actor Dean Norris, best known for playing Hank Schrader in Breaking Bad, was hacked to promote a memecoin in a pump and dump scheme.