Informed sources: Platform X is negotiating financing at a valuation of $44 billion

According to ChainCatcher, sources say that Elon Musk's social media company X is negotiating with investors to raise funds at a valuation of $44 billion, the same price Musk paid to acquire the company in 2022.

This round of financing will be a significant turning point for the social media giant after Musk's acquisition and reforms led to many users and advertisers fleeing. The aforementioned sources stated that negotiations for the new round of X financing are still ongoing, and details may change.

The company may also abandon the financing talks. This is the first known investment round since Musk privatized the social media company.