Elon Musk Increases X Shares Purchase to Initial Valuation

Reported 1 day ago

Elon Musk has invested $150 million to buy more shares in X, approaching the valuation he initially paid in 2022. As the majority shareholder, Musk confirmed his willingness to acquire more minority stakes at the same price. X's business has faced challenges, including a loss of advertisers, but there are signs of recovery as it seeks additional funding to address significant debt.

Source: YAHOO

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