X owner Elon Musk said growth on his platform is "stagnant" in a January email to staff that was reported by the Wall Street Journal

Elon Musk has suddenly dropped a bombshell in the form of an email to his staff at popular social media app X that he owns. In this email, he mentioned that the growth of X is currently in a questionable situation and the revenue growth has also not been worthwhile.

The Wall Street Journal reports banks are close to selling some of the $13 billion in debt they took on while helping Musk buy Twitter in 2022.

Elon Musk's email to X employees reveals the company faces serious revenue issues, with stagnant user growth and barely breaking even. Despite recent changes and a push for free speech, ad revenue has declined significantly since his $44 billion takeover.