After Musk took over, X initiated its first round of financing, with a valuation of $44 billion!

Wallstreetcn
2025.02.19 07:51
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Social media company X is negotiating a new round of financing with investors after experiencing user loss and advertiser withdrawal, with a valuation of $44 billion. Investors include Andreessen Horowitz, Sequoia Capital, and the Qatar Investment Authority. Despite facing challenges, Elon Musk's political influence has brought new opportunities for the company. Fidelity Investments has written down its investment in X by about 70%, but Morgan Stanley is selling $3 billion in X corporate debt, indicating a rebound in investor demand