Cloud 9fin Getty-ing back with your X, on Snapchat
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Feb 26, 2025 Uncover the intriguing connections between media giants X, Snap, and Getty Images as they navigate debt and advertising challenges. Discover how Musk influenced Twitter's financial recovery post-acquisition and learn about Snap's innovative strategies to thrive in social media. The discussion also delves into AI's impact on stock photography, highlighting the merger dynamics at Getty. Tune in for a fresh perspective on the future of media amid rapid technological advancements and shifting investor sentiments.
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X's Turnaround
- X's turnaround is partly attributed to Elon Musk's influence and closeness with the Trump administration.
- Advertisers are returning, and EBITDA has improved despite revenue drops and cost-cutting measures.
XAI's Impact
- Elon Musk's XAI stake is crucial for X's debt syndication, providing an equity cushion.
- The rising value of XAI, linked to the AI hype and Musk's influence, attracts investors.
Snap's Bond Success
- Snap's successful bond deal is driven by high demand, a lower yield than Twitter, and more daily active users.
- Being a new name in the high-yield bond market, Snap attracted investors seeking new supply.