TikTok's digital ad revenue could explode threefold — and could make a dent in the pockets of digital giants Read More...
TheStreet.com
Elon Musk, Once the World’s Richest Man, Now Needs To Borrow Money
Elon Musk and his team are reportedly considering raising $3 billion to pay down Twitter’s massive debtload of $13 billion that calls for interest payments of $1.5 billion annually. When Musk, the CEO of Tesla , acquired Twitter last October for $44 billion, the billionaire took on $13 billion in debt to pay for taking the social media company private. Musk and his advisors talked about selling $3 billion in new shares of Twitter last December to offload some of the debt, , according to the Wall Street Journal.
