X has been nothing short of an exercise in brand destruction. However, despite all the drama, it still stands, it still exists, and it remains relevant.
..and 3 years later has a combined valuation with xAI of $113B.
Those waiting for X to collapse are going to wait a lot longer than the original 6 months that it was predicted to collapse after the November 2022 takeover.
xAI tried to raise $20 billion in equity in April but wound up with only $5 billion & had to issue $5 billion in junk bonds last week. You can value yourself $44 billion but the market doesn’t think it’s anywhere close