7 min listen
Elon Musk Live Streams Diablo IV on X and new business developments
Elon Musk Live Streams Diablo IV on X and new business developments
ratings:
Length:
6 minutes
Released:
Oct 3, 2023
Format:
Podcast episode
Description
The business implications for X are becoming increasingly interesting, especially with notable investors like Bill Ackman throwing their hats into the ring. Ackman recently revealed that he is already a supporter of X through a $10 million investment via his firm’s foundation. He further expressed interest in possibly taking X Corp public, though there hasn't been direct communication with Musk on this matter as of yet.
Ackman’s interest underscores the transformation that X is undergoing. His investment firm, Pershing Square, received regulatory approval for a new class of special purpose acquisition companies known as SPARC. With this financial instrument, Ackman could commit as much as $2 billion to a transaction involving X. This shows not only his faith in the platform's potential but also indicates that big financial moves could be on the horizon for X.
Ackman’s interest underscores the transformation that X is undergoing. His investment firm, Pershing Square, received regulatory approval for a new class of special purpose acquisition companies known as SPARC. With this financial instrument, Ackman could commit as much as $2 billion to a transaction involving X. This shows not only his faith in the platform's potential but also indicates that big financial moves could be on the horizon for X.
Released:
Oct 3, 2023
Format:
Podcast episode
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