While speculations pointed to an imminent collapse of "X" platform under Elon Musk's leadership, reality seems to hold a stunning surprise as the platform seeks to raise new funding of $44 billion, the same amount Musk paid to acquire "Twitter" in 2022.
This move comes just weeks after a report by Fidelity estimated "X" value at only $9.4 billion, marking an 80% sharp decline from its original purchase price.
This decline fueled narratives suggesting that Musk is leading the platform towards failure, especially with declining ad revenues and some brands fleeing due to content-related concerns.
However, Musk, as usual, is not one to succumb to criticisms; alongside reshaping "X," his technological empire continues to make huge leaps.
Tesla stocks witnessed over 40% increase, while his space company "SpaceX" reached a value of around $350 billion.
And it doesn't stop there, as Musk's founded AI company xAI plans to raise new funding of $75 billion, with "X" holding a stake estimated at $6 billion within it.
In the AI race, xAI launched the smart conversation program "Grook 3," available to "Premium Plus" subscribers on the "X" platform.
The company also announced a massive project to operate one of the world's most powerful supercomputers named "Colossus," a move that could enhance its position in the AI field.
Amid these rapid developments, "X" seems not on the verge of collapse as some anticipated, but may be facing a new stage of growth and prosperity.
Will Musk's strategy succeed in tipping the scales once again?
Only the coming days can answer.