Insider: Musk's X is negotiating financing at a valuation of $44 billion

Odaily Planet Daily News According to people familiar with the matter, Elon Musk's social media company X is negotiating with investors to raise funds at a valuation of $44 billion, the same price Musk bought the company for in 2022. This round of financing will be a major turnaround for the social media giant after Musk's acquisitions and reforms caused many users and advertisers to flee. The above-mentioned people said that negotiations for a new round of X round of financing are still ongoing and details may change. The company may also abandon financing negotiations. This is the first known round of investment since Musk took the social media company private. (Jinshi)