Reported about 24 hours ago
Diameter Capital Partners cofounder Jonathan Lewinsohn revealed that X, the social media company owned by Elon Musk, is more profitable than the market has acknowledged. During a Bloomberg Invest conference, he discussed how they used third-party ad data to gauge revenue potential, indicating a favorable profitability outlook post-election. Despite rising debt trading values, he noted a cautious approach as policy changes and market signals are still unfolding.
Source: YAHOO