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X was on the verge of bankruptcy a few years ago. Elon Musk’s merger of X and xAI caps the turnaround effort at the social-media platform. 🔗 https://t.co/5TV9x9pIH9 https://t.co/krj8E199qh
HOW ELON MUSK RESCUED X FROM THE BRINK (WSJ) A crowd of investors gathered at Morgan Stanley’s New York office to hear X’s sales pitch, eager to get a piece of debt that Wall Street had once shunned. Cellphones were a no-go at the January event and the audience was told to stay https://t.co/RCUrCg30Gx
How Elon saved X 💰, TikTok's failed deal 🤝, Apple's iPhone stockpile 📱 TLDR 2025-04-09 📱Big Tech & Startups How Elon Musk Rescued X From the Brink Late last month, Elon Musk announced that he was merging X with xAI in a deal that valued the newly combined company at more
Elon Musk's recent merger of X with xAI marks a significant turnaround for the social media platform, which was previously on the brink of bankruptcy. This deal has attracted considerable interest from investors, with a recent event held at Morgan Stanley’s New York office, where investors were eager to engage with the newly combined entity. The merger is seen as a crucial step in revitalizing X's financial standing and restoring its reputation in the tech industry. Furthermore, the merger caps a series of efforts by Musk to stabilize and grow the platform amidst various challenges.
