X, formerly known as Twitter, has seen its valuation rebound to $44 billion, returning to the price paid by Elon Musk. After reaching a low of $10 billion, the resurgence is fueled by investor confidence and returning advertisers. A recent deal finalized involves investors exchanging stakes based on this valuation, with ongoing efforts to raise $2 billion for debt repayment. While Musk’s cost-cutting initiatives are noted as effective, some skepticism remains regarding financial projections, particularly concerning certain EBITDA figures that may appear overly optimistic.
The valuation of X has rebounded to a $44 billion valuation, an increase from $10 billion at one point, primarily due to stabilizing investor confidence.
Investors are working on raising roughly $2 billion to pay off more than $1 billion of junior debt incurred by Musk in his acquisition of X.
Mixed reactions to EBITDA figures highlight skepticism about Musk’s cost-cutting measures, with some calling it "wildly adjusted," despite the company’s stabilized valuation.
The return of certain advertisers and Musk's ties with political figures seem to have played a critical role in the resurgence of X's market value.
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