Social platform X is "barely breaking even," owner Elon Musk emailed employees, the Wall Street Journal reported. "Our user growth is stagnant, revenue is unimpressive, and we're barely breaking even,

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

The State Department has suspended processing passport applications seeking the gender marker of “X” and will only process and issue passports for people identifying as male or female, according to a department spokesperson.

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday.

Though Musk notes that X is 'shaping national conversations,' that's not going to help banks collect on the money they put up to help Musk buy Twitter in 2022.

As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some unnamed investors may be interested in buying based on a belief that its financials are on the way up.

Australia's internet regulator says X refused to take down a video of a high-profile stabbing in Sydney that was watched by Axel Rudakubana just before he murdered three young girls in Southport. The body, eSafety, said it "noted with great sadness" that Rudakubana viewed the violent footage of the attempted murder of Bishop Mar Mari Emmanuel.

The X account of actor Dean Norris, best known for playing Hank Schrader in Breaking Bad, was hacked to promote a memecoin in a pump and dump scheme.

Musk’s gesture has received mixed reactions from politicians and academics, with some likening it to a Nazi salute and others saying it was an accidental action made in the heat of his victory speech.

Investors can go directly to the source to find financial information on companies that are of interest to them. Company filings with the SEC can be accessed on the EDGAR database. Corporate websites also post their financial statements, annual reports, and press releases.

The European Commission has completed its initial probe into social media platform X and will soon decide to impose a fine worth millions of euros, Germany's Handelsblatt newspaper reported on Friday,

Secretary of State Marco Rubio has directed the State Department to freeze applications in the passport pipeline with “X” selected as the gender identifier.