home All News open_in_new Full Article

Report suggests Elon Musk’s X is raising cash from investors

Elon Musk changed the site’s name from Twitter



Elon Musk's social media platform X, formerly known as Twitter, is reportedly in talks with investors to raise funds, valuing the platform at $44 billion. Since Musk acquired X in 2022, significant changes such as renaming the site, staff layoffs, and altering the verification system have led to a decline in its estimated value below the $44 billion purchase price. Musk's proximity to former President Donald Trump may boost investor confidence, as evidenced by a 40% rise in Tesla shares since Trump's election. Additionally, Musk's AI company, xAI, is seeking funding valued at $75 billion and has unveiled its latest AI model, Grok 3, which Musk claims surpasses OpenAI's ChatGPT.

today 3 d. ago attach_file Economics

attach_file Events
attach_file Technology
attach_file Events
attach_file Events
attach_file Politics
attach_file Events
attach_file Politics
attach_file Politics
attach_file Politics
attach_file Politics
attach_file Politics
attach_file Politics
attach_file Events
attach_file Culture
attach_file Society
attach_file Events
attach_file Politics
attach_file Politics
attach_file Society
attach_file Politics


ID: 2700955331
Add Watch Country

arrow_drop_down