Value of Elon Musk’s X ‘rebounds to $44bn purchase price’
Dramatic reversal of fortune for platform since billionaire owner became key ally of Donald TrumpBusiness live – latest updatesThe value of Elon Musk’s social media platform, X, has reportedly soared back to the $44bn he paid for it, in a dramatic reversal of fortunes since the billionaire became a key ally of Donald Trump.Investors valued the site formerly known as Twitter at $44bn (£33.9bn) in a secondary deal earlier this month, in which they exchange existing stakes in the company, according to a Financial Times report. Continue reading...
Dramatic reversal of fortune for platform since billionaire owner became key ally of Donald Trump
The value of Elon Musk’s social media platform, X, has reportedly soared back to the $44bn he paid for it, in a dramatic reversal of fortunes since the billionaire became a key ally of Donald Trump.
Investors valued the site formerly known as Twitter at $44bn (£33.9bn) in a secondary deal earlier this month, in which they exchange existing stakes in the company, according to a Financial Times report. Continue reading...
