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Elon Musk previously acquired Twitter in 2022 at a value of $44 billion, and subsequently changed its name to X. Since under Elon Musk, it has undergone various changes, including a number of users leaving it and going to alternative services such as Threads, Bluesky and others.
Most recently, it was reported that X is in talks with a number of investors to raise investment funds at a company value of $44 billion. This investment fund is seen to be in the process of being raised at the same value since Elon Musk bought it, without any increase.
Previously, several existing investors have downgraded the value of X, saying that the service has lost value. This challenge continues with the loss of a number of advertisers, as well as other challenges for the service.
However, it is not yet known whether with Elon Musk working closely with Donald Trump, in addition to the payment service on X, investors will start to interest them again or otherwise.