2c61c569c35df1bfebdf8601ae03b90f.jpeg

Musk has been buying X shares near initial purchase price

Stock Analysis

Kingdom Holdings, along with its founder Prince Alwaleed bin Talal Al Saud, is among X’s largest minority shareholders

Bloomberg News

Matthew Martin, Kurt Wagner and Devon Pendleton

Published Mar 18, 2025  •  2 minute read

X’s business has struggled for much of Musk’s tenure as owner, as many advertisers fled the service, or paused their spending, shortly after his takeover.
X’s business has struggled for much of Musk’s tenure as owner, as many advertisers fled the service, or paused their spending, shortly after his takeover. Photo by ALAIN JOCARD/AFP via Getty Images/Postmedia files

Elon Musk invested US$150 million to acquire more shares in X last year at a valuation approaching the price he paid…

Source link

Tags:
Facebook Google+ Twitter Pinterest

Related Posts