Musk's xAI buys social media platform X for $45 billion
Musk's xAI buys social media platform X for $45 billion
www.reuters.com
reuters.com
22 comments
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I dont understand these numbers, or the value of anything at all it appears
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And now you understand the stock market. Everything is worth something, but it's only worth what someone will pay for it. If the richest man in the world says he owns 7, the stock soars! But in reality, the stock isn't worth anything more than it was before. There's just more dupees in the market now.
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This is worth 1,000,000,000 dollars if someone buys it at that price.
Stocks, art, wine, same valuation technique. Slap a sticker price and if someone buys it, that's the value. Welcome to capitalism.
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For reference, he bought it for $44B.
https://wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
But this one doesn't really mean anything since they're both owned by him.
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xAI and X's futures are intertwined — they will fall together into the howling void of pain, madness, and leveraged buyout debt, leaving Elon with only his $45 billion dollars for consolation.
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Wait so X is worth more with the Nazi owning it in full?
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he's debt juggling
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I suppose because he can at a moment's notice gut the SEC and presumably now that X is incorporated in Texas and I have to assume xAI is as well(?) there's no federal or state fraud investigation likely.
Feels quaint that Trump in 2017 even went to the trouble of filling a table with blank papers to give the appearance of being concerned about conflicts of interest, and this outright self-dealing corruption is happening daily while nobody in power even talks about it.
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Oh I know. I just hate he inflated its value with its hate.
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Another money laundering scheme.
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Sleight of hand.
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xAi got ripped off I hear x isn’t worth the servers it runs on
22 comments