Elon Musk's Social Media Company X Seeks New Funding

According to PANews, Elon Musk's social media company, X, is reportedly in discussions with investors to raise funds at a valuation of $44 billion. This valuation matches the price Musk paid when he acquired the company in 2022. Following Musk's acquisition and subsequent reforms, which led to a significant departure of users and advertisers, this funding round could mark a pivotal moment for the social media giant. Sources familiar with the matter indicate that negotiations for this new round of funding are ongoing, and details may change. The company may also decide to abandon the fundraising talks. This marks the first known investment round since Musk privatized the social media company. The individuals providing this information requested anonymity due to the private nature of the discussions.