Financial reports or statements from X's parent company

Musk's $44B Twitter Acquisition Now a Bargain, Thanks to Trump and xAI

Dec 4, 2024, 05:39 AM

Elon Musk's $44 billion acquisition of Twitter, now known as X, was initially criticized as overpriced. However, recent developments suggest that the purchase might actually be a bargain. Business Insider has acknowledged that X is proving to be a valuable data source for xAI, Musk's artificial intelligence venture, which is valued at $50 billion. The platform's data could be instrumental in enhancing xAI's capabilities, potentially justifying the high acquisition cost. Additionally, the involvement of former President Donald Trump on the platform may have contributed to its value.