Archive: https://archive.is/2025.03.19-050450/https://www.ft.com/content/d4616dec-c4c7-417f-8549-134710bbc5b1
Social media site X’s valuation has soared back to $44bn, underscoring the sharp turnaround in the company’s fortunes since its owner Elon Musk assumed the role of staunch ally to President Donald Trump.
Investors valued the platform at $44bn in a so-called secondary deal earlier this month, in which they exchange existing stakes in the company, according to two people with knowledge of the matter.
X was also working on raising fresh capital in a primary round, which would aim to raise about $2bn through selling new equity and be used to pay off more than $1bn of junior debt that Musk agreed to take on to finance his buyout of the company, then known as Twitter, in 2022, several people briefed on the situation said.
What’s the calculation that investors / the stock market is making here? That in time Twitter will become less of a cesspit and that ads can be served? Or is this just YOLO money?
They’re trying to put a price tag on ability to influence societies. It does have value but I’m pretty sure everyone is guesstimating.