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The Independent UK
The Independent UK
Business
Martyn Landi

Report suggests Elon Musk’s X is raising cash from investors

Elon Musk’s social media platform X is in talks with investors over raising cash that would value the site at 44 billion dollars (£34.9 billion), according to latest reports.

The valuation is the same price Mr Musk paid for the platform in 2022, and would suggest a turn in fortunes for the company, which has seen advertisers and users step away following a string of controversies under Mr Musk’s ownership.

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