Elon Musk’s social media company formerly called Twitter — now X — has experienced a massive comeback after leftists tried to destroy his company.
Ever since Musk bought Twitter, liberals have been assuring us that the social media company is “dead.” Many leftists fled X for the pointless echo chamber of BlueSky as am effort to speed that death along. But whatever the case, the left has been sure that Twitter is done.
But, despite their best efforts, X is back.
According to the New York Post:
The company formerly known as Twitter was valued at $44 billion in a recent secondary financing round in which investors exchanged existing shares in X, the Financial Times reported on Tuesday, citing sources with knowledge of the matter.
A separate report by Bloomberg said X raised nearly $1 billion in new equity from investors – with Musk himself participating in the financing round.
The deal reportedly valued X at approximately $32 billion, alongside roughly $12.5 billion in debt.
This is a great victory for free speech.
But, it is also a fun stick in the left’s putrid eye.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, X at WTHuston, or Truth Social at @WarnerToddHuston.
