TechFlow news, on February 19, according to Jinshi Data citing sources familiar with the matter, Elon Musk's social media company X is in talks with investors to raise funds at a valuation of $44 billion, the same price Musk paid to acquire the company in 2022. This fundraising round would mark a significant turning point for the social media giant after Musk's acquisition and subsequent reforms drove many users and advertisers away. The individuals said negotiations for this new X funding round are still ongoing and details could change. Due to the involvement of private information, these individuals requested anonymity. The company may also abandon the fundraising talks. This would be the first known investment round since Musk took the social media company private.
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