Elon Musk’s social media platform, X, formerly known as Twitter, has successfully secured nearly $1 billion in new equity funding, boosting its valuation to $32 billion. The recent funding round reflects investor confidence in the platform’s potential for growth and innovation under Musk’s leadership.
This capital influx is expected to support ongoing initiatives to enhance the user experience and invest in new technologies. The latest valuation indicates a significant surge since Musk’s rebranding efforts and strategic changes aimed at revamping the social media giant.
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