Elon Musk scared away many advertisers after he bought Twitter in 2022, and the company's value plummeted. Now it has reportedly recovered.

Elon Musk has officially announced the sale of X in an "all-stock transaction" — but not to a competitor. Instead, the website formally known as Twitter has been acquired by Musk’s very own AI venture, xAI.

When Elon Musk first bought Twitter (now X), many were puzzled. Why would the man behind Tesla, SpaceX, and Neuralink companies focused on cutting-edge

Billionaire Elon Musk paid $44 billion to acquire social media platform Twitter, which he later rebranded to X. The valuation of the platform has declined sharply since the 2022 purchase with Fidelity marking the value down by 72% as of December.

Elon Musk—who bought Twitter in 2022 and changed the social ... Andrew Harnik/Getty Images “I’m so curious as to why X folded into xAI and not the other way around,” one user wrote.

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.

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,

Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform at $33 billion.