X’s revenue rose 40 percent last year after a dismal 2023, the person familiar with the company’s finances said. @X lenders sold $4.7B of debt, more than $3B planned.
Elon Musk owned X has reportedly increased its revenue by 40% over the last year - NYT https://t.co/rvwM0Dbaq2
X’S REVENUE INCREASED BY 40% LAST YEAR: NYT

Morgan Stanley is seeking to increase the size of its latest debt offering related to X, the social media platform owned by Elon Musk. This move comes as the platform reportedly experienced a 40% increase in revenue over the past year, according to The New York Times. The revenue growth follows a challenging 2023 for the company, which has been under scrutiny but is now showing signs of improved financial performance. Additionally, lenders associated with X sold $4.7 billion of debt, surpassing the initial plan of $3 billion.