X, formerly known as Twitter, has seen its valuation bounce back to $44 billion, according to a Financial Times report, following significant financial adjustments under Elon Musk's ownership. Musk acquired the platform for the same amount in 2022. Despite a conflicting Bloomberg report valuing X at $32 billion after a $1 billion investment round, the figures highlight X's sharp turnaround from a previously estimated value of less than $10 billion. X has also reported $1.2 billion in adjusted earnings for 2024, reflecting a stabilization in revenue post-acquisition.
Despite differing valuations, it's evident that X has made a significant financial recovery since Musk's acquisition, rebounding from an estimated valuation below $10 billion to $44 billion.
Elon Musk actively participated in X's equity raise, highlighted by a $1 billion investment round that values the platform at around $32 billion.
Collection
[
|
...
]