Musk controls its control over "X" by buying shares of $ 150 million

Elon Musk invested $ 150 million last year to buy more shares of “X” when an evaluation approached the price he paid for the company’s shares in 2022. Musk is the largest shareholder in the company, and he “expressed his willingness” to buy more small shares at the same value, according to the 2024 annual report for the Kingdom Holding Company, which has been in ‘X’ since 2011, it was a well -known as ” The report did not refer to a mask or ‘X’ with the name, but an informed person confirmed that the report was referring to “X”. ‘Kingdom Holding’ states that the largest shareholder in the ‘private social media industry’ recently invested at a price equivalent to the book value to invest in its public budget. By December 31, the value of the company’s investment in “X” reached about $ 985 million Saudi -Riyals (262.7 million dollars), estimating the total value of the total platform by approximately $ 29.2 billion, which is close to the price that Musk and other investors paid in October 2022. According to documents submitted to the regulatory authorities in the state of Nebraska, Musk had about 74% of “X” until October 2023, while this did not bring the last agreement to light before. The kingdom, along with its founder, Prince Alwaleed Bin Talal, is one of the largest minority shareholders in the company. Challenges during the Misk era have experienced ‘X’ problems since the acquisition of Musk, as many advertisers have withdrawn or discontinued their expenses for fear that their ads will appear with inappropriate content. According to Fidelity Investments, X’s evaluation was reduced by 68% until January. In response, a mask mask fought against advertisers in an attempt to recover, and the case has reached the prosecution of some major companies, claiming that their decision to stop advertising is a non -competitive practice. However, some advertisers have begun to return, although the threat of lawsuits is still a discussion axis in the advertising industry. The role of the strong mask in the administration of President Donald Trump has become an influential factor for some marketers in their advertising decisions. A recovery after Trump’s victory, “X” has been improved since President Trump was re -elected, as bankers who retained the debt of the original Musk agreement have managed to sell it after years of waiting. According to Bloomberg reports, the company also holds talks to collect new investment financing in the same assessment of the 2022 agreement. This new financing is expected to be used to develop new products, and also to pay part of the company’s debt, which exceeds one billion dollars annually as benefits.