According to a new report from the Financial Times, social media site X has returned to $44 billion. Elon Musk purchased the platform, previously known as Twitter, for $44 billion in 2022.
However, a Bloomberg report states that X has valued about $32 billion from investors and raised nearly $1 billion from investors. Musk took part in his own pay raise, the report said.
Despite two different ratings, it is clear that X took a sharp turnaround in terms of finances, given that X estimated its rating was under $10 billion last September.
Although the platform's revenues have declined since the acquisition of Musk, X recorded $1.2 billion in adjusted revenues in 2024 (before interest, taxes, depreciation and amortization).