About Twitter
X is a social networking platform that allows its users to send and read microblogs.
Headquarters
Twitter, San Francisco
Founded
2006-03-21
Industry
Blogging Platforms, Mortgage, Social Media, Social Network, Web3
Last Funding Type
Post Ipo Equity
Valuation
435
Total Funding
$12.87 billion dollars
IPO Status
Delisted
Financial
X has experienced a 73% decline in value since Elon Musk's takeover, as reported by Fidelity. Additionally, X has seen a reduction in ad revenue share payouts over time. The platform has also been accused of profiting from hate targeting related to the Israel-Gaza war. Furthermore, X has confirmed plans for NSFW Communities and has made its vertical video feed ads available to all advertisers. Despite these developments, X has been facing challenges with AI-generated spam content flooding the platform.
Funding Rounds
15
Number of Lead Investors
9
Total Funding Amount
$12.87 billion dollars
Number of Investors
55