Reported about 11 hours ago
Elon Musk's social media platform, X, has successfully raised close to $1 billion in new equity funding, achieving a valuation similar to its acquisition price of $44 billion in 2022. Musk participated in this funding round, which aims to alleviate the company's debt burden. The funding comes amidst a challenging period, where X has faced advertiser departures and has attempted to draw back marketers amid legal disputes.
Source: YAHOO