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META
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181 days

Elon Musk’s X reportedly in talks for funding at same valuation as original Twitter deal - MarketWatch

1. Elon Musk seeks to raise funds for X at Twitter's $44 billion price. 2. Fidelity marks X's shares down 70% from Musk's purchase price. 3. X's revenue dropped to $2.7 billion but adjusted earnings improved. 4. META shares increased 22% this year amidst X's financial struggles. 5. X's 10% stake in xAI shows its ventures beyond social media.

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FAQ

Why Bullish?

META's growth contrasts with X's challenges, enhancing META's market position. The difference in performance may attract investors to META as a more stable option.

How important is it?

X’s struggle creates an opportunity for META, impacting its market perception and investment attractiveness. With X’s decline, META could gain more market share and investor confidence.

Why Short Term?

Current market dynamics favor META, but impacts may stabilize post financing round for X. Historical precedents show rapid shifts in investor sentiment affecting stock values quickly.

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