Social media site X’s valuation has bounced back to $44 billion, according to a new report from the Financial Times. Elon Musk purchased the platform, formerly known as Twitter, for $44 billion back in 2022.
However, a report from Bloomberg states that X has raised close to $1 billion from investors in a deal that values the company at around $32 billion. Musk participated in the equity raise himself, the report says.
Despite the two differing valuations, it’s apparent that X has taken sharp turnaround in terms of its finances, given…
