Elon Musk's social media company, X, is reportedly in discussions for new financing which could value it at $44 billion, mirroring Musk's 2022 purchase price. This would mark the first known investment since his acquisition, crucial for X’s recovery amid previous struggles with retaining advertisers. Despite a significant markdown in valuation by Fidelity, various corporate dynamics are shifting. With a recent election change and successful developments in Musk’s AI startup, X is seeing a cautious revival with returning advertisers, although revenue still faces tough competition.
Musk's X is negotiating new financing at a $44 billion valuation amid changes in leadership, AI developments, and a slight rebound in advertising interest.
Since Musk's controversial acquisition of Twitter, X was marked down significantly in value, yet recent corporate shifts hint at recovery in advertising partnerships.
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