Exclusive | Wall Street Banks Sell Final Slug of Elon Musk’s X Debt - WSJ
1. Banks sold $1.2 billion of debt from Musk's Twitter takeover. 2. Amazon re-engaged advertising on the platform, boosting investor confidence. 3. Musk's integration of xAI with X now valued at $113 billion. 4. The sell-off coincides with increased investor interest amid market volatility. 5. Legacy of bad debts impacts bank lending practices, changing the competitive landscape.