UNDER DISPUTE

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

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

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.”