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Elon Musk Denies Report That He’s Thinking of Raising $3 Billion for Twitter

UNDER DISPUTE

The Wall Street Journal had reported Musk was exploring help to pay off Twitter’s debt.

Elon Musk leaves the Phillip Burton Federal Building on Jan. 24, 2023, in San Francisco, California.
Justin Sullivan/Getty

Elon Musk is swatting down a new story in The Wall Street Journal claiming that he has considered raising $3 billion to pay off a portion of Twitter’s debts. Conversations over the matter took place last month, the report said, and the potential investment figure may have clocked in below $3 billion. The social media platform has about $13 billion in debt, and while Musk has cut the majority of Twitter’s head count, its revenue has also fallen precipitously. Musk disputed the report in a Twitter thread on Wednesday in which he also railed against the “corpo media shills [who] clearly have their marching orders to write hit pieces on me these days.”

Read it at The Wall Street Journal

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