Elon Musk's company, X, is actively pursuing a fundraising round aimed at maintaining its valuation at $44 billion, the same price he paid for Twitter in 2022. Since then, the company has faced challenges, including a significant devaluation and alterations to its operational structure under Musk's leadership. Despite dramatic changes like layoffs and content moderation tweaks, recent financial activities suggest X's revenue is stabilizing. This fundraising attempt marks the first time Musk is seeking external investment since taking the company private after the acquisition.
X's efforts to raise funds again come as Musk continues to adapt the platform, following a tumultuous change in leadership and strategic direction.
Musk's leadership changes at X include layoffs and a controversial subscription model that has transformed user engagement and company revenue.
Collection
[
|
...
]