X Corp.

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X Corp. - overview

Established

2006

Location

San Francisco, CA, US

Primary Industry

Internet

About

Founded in 2006 by Biz Stone, Evan Williams, Jack Dorsey, and Noah Glass and based in California, US, X Corp. , fka Twitter, Inc. , operates as a social media site that provides an online platform, allowing users to communicate through messages. In January 2023, Endeavor Group invested in Twitter, and in July 2023, Twitter rebranded to X.


As of 2023, the company's stock is trading on the NYSE under the ticker symbol TWTR, and Linda Yaccarino serves as the CEO of Twitter. The company provides an online social platform that allows users to interact, share information, and engage in real-time conversations on the Internet. The platform enables users to post short messages, known as tweets, of up to 280 characters. Users can follow other accounts to receive updates and engage in discussions on a wide range of topics, from news and entertainment to technology and politics.


Twitter also acts as an ad platform that allows businesses to reach their target audience through sponsored tweets and promoted trends. In addition, the company offers data and analytics services to organizations seeking insights into trends and consumer behavior. The enterprise generates revenue through a variety of channels, particularly through advertising and data licensing, which gives organizations access to real-time data and analytics and enables them to gain insightful information about trends, consumer behavior, and public sentiment. The company additionally earns income through Twitter Blue, a paid subscription service that costs USD 8 per month or USD 84 per year, and adds a blue checkmark to users’ profiles.


Following the July 2023 rebranding, the company plans to transform its application, X into a super application, that allows users to carry out multiple functions such as sharing audio, video, and messages with each other, as well as performing payments, and online banking in the same application itself. It also plans to invest in product development and expand its advertising capabilities.


Current Investors

Hong Shan, Brookfield Property Group, Qatar Investment Authority

Primary Industry

Internet

Sub Industries

Social Networking & Communication Platform

Website

www.x.com

Verticals

Cloud Computing, Mobile Apps, Social Media

Company Stage

Add-on

Total Amount Raised

Subscriber access only

X Corp. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
LP DirectCompletedX Corp.-
Public to PrivateCompletedX Corp.-
BuyoutCompletedQuill-
Add-on, Trade SaleCompletedAd Dynamo International (Pty) Ltd.-
Add-on, Trade SaleCompletedScroll Media Inc.-

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