Social platform X is "barely breaking even," owner Elon Musk emailed employees, the Wall Street Journal reported. "Our user growth is stagnant, revenue is unimpressive, and we're barely breaking even,

Musk told employees about the controversial social network's financial struggles earlier this month, as US banks look to find buyers for the company's mammoth debt pile.

As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some unnamed investors may be interested in buying based on a belief that its financials are on the way up.