'X' Marks xAI's Spot: xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion.
'X' Marks xAI's Spot: xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion.
Short summary: Elon gives Elon some Elon and congratulates Elon for being such an Elon, that big money boy he is. Money!
A shell game.
Lol neither are worth that much.
I don't know. Look where twitter helped him to get. It is a well working propaganda machine.
@daddy32 @aesthelete yup I'm sure it's worth quite a lot to some larger private investors
A firearm isn't worth much money in the scheme of things either its real worth is in publicly displaying it on your person, and having it loaded
These are some stupid company names.
If you put them all together they eventually spell a slur.
It's all tied to tesla and if that stock tanks it's game over. Elmo is leveraged to his tits lol.
As soon as it drops below 180 the whole house comes down. Current targets are being updated to $110 which I still feel is over inflated.
Didn’t he already do this same sort of fuckery with Solar City and Tesla?
If you don’t have a Twitter account there’s no reason for you to care about this at all.
Spend your limited time on earth worrying about things that matter.
An unelected billionaire committing fraud and destroying our government really does matter.
I wish it didn't matter.
I have seen 3 different posts and each had a different value for X. The number sends arbitrary. Who gives a shit what he paid for his own company.
It's not all him, several other people invested in both. According to some article Elon owns 79% of X, and only 54% of xAI (barely enough to control it). Since the valuation of X in the deal is about $20 billion more what others have estimated ($12.3 billion), it definitely seems like it's a corrupt bailout 46% funded with other xAI investors' money, basically netting Elon $8 billion overnight.
That being said, the other investors in xAI are easy marks like Marc Andressen (famous for funding Adam Neumann's project that came after WeWork) and various Saudi Royals who possibly were convinced that this is ok.
Elmo finds yet another way to pad his perceived value...
Sell shit companies (both of which you own) to yourself at exorbitantly inflated prices with "stock only" trades.
And no accounting shall be had cause steal-ionnairs just can.
🙄 🤦♀️ 🤡 🖕 🖕
I'm not convinced bundling a losing business with an utterly inflated one is the right move to attract investors but then again you shouldn't invest in an oligarchy in the first place.
The point is that he's got too much exposure in Xitter, plus everyone's tanking Tesla, so he's moving stuff around to try to hang on to everything he can.
So the ridiculously overvalued pump-and-dump paid for the real assets that he then destroyed but will bail out with the magical cauldron of venture capital so everything's just fine.
Can’t see any problems here.
xD
