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Musk's X in talks to raise money at a $44 billion valuation, Bloomberg News reports

Musk's social media platform X is seeking to raise capital at a $44 billion valuation, the same amount Musk paid for the company.
Major advertisers like Amazon and Apple are reportedly starting to return to X after leaving due to content issues.
Since Musk became involved, X's revenue has declined by almost 50%, resulting in significant financial losses for investors like Fidelity.
Musk's leadership is viewed as a major factor in X's recovery, despite the platform's ongoing competition and controversies.

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noticiasya.com

Elon Musk may be on the verge of achieving the impossible: saving his $44 billion investment in X

By David Goldman and Clare Duffy, CNN Elon Musk paid $44 billion in October 2022 to buy Twitter — almost certainly an overpayment — and quickly made significant changes that threw the company into disarray and sent its advertising business and valuation into a tailspin. Two and a half years later, Musk appears to be on the verge of a minor miracle: The company, now called X, could once again be worth roughly what he paid for it. Bloomberg report…

14 hours ago·Idaho Falls, United States

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CNN

+5 Reposted by 5 other sources

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X

In October 2022, Elon Musk paid $44 billion to buy Twitter – almost certainly an overpayment – and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin. Two and a half years later, Musk appears close to pulling off a minor miracle: The company, now called X, may once again be worth about what he paid for it.

22 hours ago·Atlanta, United States

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Political Wire

Musk’s X in Talks to Raise Equity at $44 Billion Valuation

Elon Musk’s X is in talks with investors to raise fresh equity capital at the $44 billion valuation at which Musk bought the social media firm, then known as Twitter, in 2022, Bloomberg reports. The Information: “If Musk succeeds, it would be an extraordinary turnaround given that X’s valuation has dropped sharply since the acquisition.” “But it would be the latest sign that Musk’s closeness to President Trump is enhancing his status with invest…

1 day ago·New York, United States

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NOQ Report

Back to Par: Musk’s X Eyes Fresh Funding Round at $44 Billion

X’s financial outlook appears to be steadily improving as recent high-yield fund managers‘ interest in the company’s debt soared. Adding to the momentum, Elon Musk announced earlier this month that the advertiser boycott has unraveled—a major development that could significantly boost the company’s revenue in the coming quarters. Revenue should improve rapidly this year, as the advertising boycott winds down Now, Bloomberg reports that X is prep…

2 days ago

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Mashable

Elon Musk's X looks to raise exactly what Musk paid for it

Elon Musk's X wants to raise $44 billion, which is what Musk paid for the company.

2 days ago·United States

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Adweek

Elon Musk’s X Seeks Financing at $44 Billion Valuation

In what is believed to be its first investment round since going private, Elon Musk-owned X is in talks with investors to raise money based on a valuation of $44 billion, reports Bloomberg News. If that $44 billion figure sounds familiar, it should. In 2022, Musk purchased then-Twitter for $44 billion. Bloomberg first reported on...

2 days ago

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