Bankers are attempting to offload approximately $3 billion in debt related to X, the social media platform formerly known as Twitter, which was acquired by Elon Musk in 2022. The debt is being pitched with financials showing that X reported an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of about $1.2 billion for 2024. This figure is roughly flat compared to the period before Musk's buyout, indicating a sign of recovery for the platform. In the fourth quarter of 2024, X generated $400 million in adjusted EBITDA on $710 million in revenue, suggesting an uptick possibly due to an election-related bump. The financials also reveal that X's cash reserves have decreased to about $400 million from $1.4 billion in 2022.