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Bibhu Pattnaik

Banks Contemplate Protective Measures Amid Financial Challenges Of Elon Musk’s Twitter Acquisition

Elon Musk Twitter Inc. X SpaceX Tesla Inc.

Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups. Elon Musk's acquisition of Twitter, now known as X, has led to unforeseen financial challenges. CHESNOT/GETTY IMAGES.

Elon Musk’s acquisition of Twitter, now known as X, has led to unforeseen financial challenges.

“This is just my strong, intuitive sense that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” said Musk at a TED conference on the day he made his offer to buy to buy twitter.

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