Musk’s X Attracts Investments from Silicon Valley and Global Investors

Reported about 2 months ago

Elon Musk's social media platform X has drawn substantial investments from high-profile figures in Silicon Valley and global finance, including Sean Combs and Larry Ellison, as revealed in a newly unsealed court document. The filing provides a comprehensive list of shareholders, highlighting major investors like Bill Ackman's Pershing Square and Saudi Prince Alwaleed Bin Talal. Despite controversy surrounding Musk's acquisition of the platform, which he bought for $44 billion in 2022, plans are underway to evolve X into an all-encompassing app offering diverse services.

Source: YAHOO

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