Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.

Elon Musk has sold X in a $33 billion deal to his AI startup company almost three years after buying Twitter and rebranding it. Musk, 53, announced the deal via a statement posted on his X account on Friday, March 28.

Elon Musk is no longer the owner of X - technically. Musk announced today (Mar. 28) that the platform formerly known as Twitter was acquired by xAI - his artificial intelligence company. The deal took place via an all-stock transaction that values xAI at $80 billion and X at ($33 billion).

A U.S. judge on Friday rejected billionaire Elon Musk's bid to dismiss a lawsuit claiming he defrauded former Twitter shareholders by waiting too long to disclose his initial investment in the social media company,

The Trump administration is making rapid changes to the agency's phone procedures to stamp out a relatively small amount of fraud.

Elon Musk just sold X, the social network formerly known as Twitter, to himself? Well, kind of. Musk, in a post on X Friday, said that his artificial-intelligence company, xAI, has acquired X in an all-stock transaction that values X at $33 billion ($45 billion minus $12 billion in debt).