X targets $ 44 billion valuations in new round funds

X Reported to discussions to collect funds from investors in a $ 44 billion valuations.

That is according to a report Wednesday (Feb. 19) From Bloomberg News, which sparks the sources familiar with this matter. While the report report, that number is the same price owner Elon Musk paid for social media platform – then called Twitter – by 2022.

Talks go on and details can change, the report has been added. X can also leave the discussion with everyone, the report says.

The news followed reports from last month the Bank of America, Barclays and Morgan Stanley prepared to sell up to $ 3 billion owed debt to X.

The platform is struggling to follow musk, with a lot of Advertisers who left The site of concerns about an indoor moderation and unrest surrounding company management changes.

But advertisers since beginning to return X. In the last month the reports were reported by Amazon Expanding ad spending on the platform, with an apple with weighted return.

X CEO Linda Yackcarino said September 2023 of 1,500 advertisers returned to the platform in the first 12 weeks, with 90% of the company’s leaders returned.

Yacarino said x introduced to the new indoor prompting equipment and parts to prevent ads from the next content implemented in the succession of musk.

Meanwhile, x keeps working on its plans to be a “all app” that includes payments. In the last month, the company announced one partnership With Visa, using Visa Direct of Moving Funds to X Money Wallet connected to debit cards and bank accounts.

In alerting collaboration, Yacarino says the combined efforts of companies will allow “safe + instant funds” in a X wallet.

“And this is the purse, we notice that be a linchpin For different financial activities, “Pymnts writes last month.

Research from Pymts Intelligences noticed that digital wallets were found wide-wide flow as a leading payment activities, such as concealing credibility.

Almost half of all American consumers, research found, Use their digital wallets For online shopping, while 39% this store is used.

“In other research, we know that consumers declare that they trust in a Number of big tech names To save their payment credentials, which can eliminate firms against traditional banks, “additional reports.