Reported 2 days ago
Elon Musk's company xAI has acquired X, the former Twitter, for $33 billion and is set to expand with X Money, a fintech platform, and X TV, a streaming service. Financial experts advise caution for potential investors, citing Musk's overwhelming responsibilities leading to declining performance in his other ventures, especially Tesla. The competitive nature of fintech and streaming raises additional risks, prompting some analysts to label any investments in these new areas as potentially hazardous.
Source: YAHOO