Filing: West Co, founded by Biz Stone and Evan Sharp, raised $29M; it launched the invite-only social app Tangle, “designed for intentional living”, in November
Biz Stone and Evan Sharp raise new funds for ‘Tangle’ as they assess the ‘devastation’ caused by online excess Bluesky: @tonytassell Bluesky: Tony Tassell / @tonytassell : This is fascinating.,Two Sil...
Sources: SpaceX has told investors and financial institution representatives that it is aiming for an IPO in the second half of 2026
with a sixth of the revenue Fortune : Musk's SpaceX discusses record valuation, IPO as soon as 2026 Taylor Herzlich / New York Post : Musk's SpaceX aims for 2026 IPO with jaw-dropping $800B valuation:...
Sources: X covered some losses usually borne by banks when seven lenders, including Morgan Stanley, sold $1.2B of its debt at 98 cents on the dollar in April
Financial Times : X: @tanarrowz and @markbohlund X: @tanarrowz : “He'll never let Twitter [X] fail,” a banker involved in the deal said. “I don't think people even did their credit work. They just tr...
Sources: seven Wall Street banks sold the final $1.2B of X debt at 98 cents on the dollar, after lending ~$13B for Elon Musk's Twitter takeover in April 2022
Alexander Saeedy / Wall Street Journal :
Docs: X's data licensing and subscriptions revenue grew 32% YoY to $91M in February, ad revenue grew 4% YoY to $146M; Twitter had $4.5B in ad revenue in 2021
Carmen Arroyo / Bloomberg : See also Mediagazer
Sources: X is in talks to raise funds at a $44B valuation, matching the price Elon Musk paid for Twitter in 2022, as his proximity to Trump alters X's prospects
- Valuation is the same as Musk's 2022 Twitter acquisition — Billionaire has recently tapped private markets for big sums
Sources: Wall Street banks led by Morgan Stanley have offloaded almost all of Elon Musk's $12.5B in loans used to buy Twitter, and now hold $1B+ in X debt
Investor perception of debt has changed since Donald Trump's election victory — Wall Street banks have rid themselves of almost … Bluesky: @bondhack.ft.com Bluesky: Robert Smith / @bondhack.ft.com :...
Sources: Elon Musk has given investors who backed his $44B Twitter acquisition 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation
Investors hit by losses following billionaire's takeover of social media platform reap rewards from shares in his AI start-up
Bluesky has 20M+ users after hitting 15M on Nov. 13; Appfigures: it's been #1 in US App Store since Nov. 13; Similarweb: its DAU gap with Threads is narrowing
Bluesky, the social network and X competitor has been benefiting from a surge of departures from the Elon Musk-owned app formerly known as Twitter.
Bluesky says it has 13M+ users, has raised a $15M Series A led by Blockchain Capital, and plans a subscription for features like higher quality video uploads
But Says No to Tokens Kris Holt / Engadget : Bluesky's upcoming premium plan won't give paid users special treatment Matt Novak / Gizmodo : Bluesky Teases Creator Payments While New Sign-Ups Explode A...