Reported 1 day ago
Elon Musk's X Holdings Corp. sees a rise in valuation despite significant debt, largely due to adjusted financials that deviate from standard accounting practices and investor speculation. The company is engaging in new equity fundraising to regain its 2022 valuation of $44 billion. While some advertisers are returning, skepticism remains regarding the sustainability of these improvements amidst unverified financial claims and unconventional revenue reporting.
Source: YAHOO