CMB News Of The Day 📰🗞️🗞️

"The valuation of X ranges from $32 billion to $44 billion, depending on whom you consult among informed sources."❌🚨🚨🚨

The valuation of Elon Musk’s social media platform X, once known as Twitter, seems to be a moving target. Just yesterday, the Financial Times claimed it was worth $44 billion, based on whispers from unnamed insiders. Today, Bloomberg countered with a $32 billion figure, also relying on anonymous sources. Neither outlet provided hard evidence or named individuals to back up these numbers.

Both estimates mark a dramatic leap from the $9.4 billion valuation implied back in September 2024, when Fidelity slashed its stake in X by nearly 80%. That write-down came after advertisers fled the platform in droves, rattled by Musk’s controversial antics, causing ad revenue to crater. The Financial Times’ $44 billion figure conveniently matches the exact amount Musk shelled out to buy the company in 2022, a tidy coincidence. Meanwhile, Bloomberg’s $32 billion still suggests a hefty recovery.

Some advertisers have trickled back recently, but X is reportedly still far from regaining its former ad revenue glory. So, what’s driving these lofty new valuations? It’s likely less about X’s actual performance and more about Musk’s current clout—his cozy ties to the White House and the extra equity juice from his AI venture, xAI. Without solid data, these numbers feel more like speculative hype than a reflection of X’s real worth.