The bots on X are built into it now? So influence crowds by diametral extreme positions in an automated manner is a nobrainer now.
xAI has acquired X, xAI now valued at $80B
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Re: xAI has acquired X, xAI now valued at $80B
#202Earlier quoted context omitted.
Elon bought Twitter for $44B, with a combination of his own money, money raised from investors, and $12B worth of debt secured by his Tesla shares. Since that time Twitter's valuation continued to drop, and by late 2024 several investors (like Fidelity) had marked the company's overall value down to as little as $9B. Now with the recent stock market turmoil and Tesla's massive share price drop, his Twitter loan is in…
so twitter shares were converted to xai shares but where did the 12B debt go?
The debt still exists, but it is now xai's debt
Re: xAI has acquired X, xAI now valued at $80B
#203Earlier quoted context omitted.
Tesla shares are higher than when Twitter was acquired. 'Continues to decline' sounds like weasel wording that the media likes to use to push a narrative that doesn't exist. Edit: Comment flagged for pointing out inconvenient facts, it's wild out there
“Continues to decline” is a cushion for the next sentence “downgrade to sell” which cushions you from the ultimate, “new marketing leadership with Barron Trump and someone named Alien Brainrot”.
I’m pretty sure the management team will include Boris Badenov as the new DPO
Re: xAI has acquired X, xAI now valued at $80B
#204Earlier quoted context omitted.
That military apparatus is sworn to uphold the Constitution, not support the current president.
From what I have been told (specific to the US army): - Enlisted swear oaths to the constitution and President - Officers swear an oath to the constitution I’ve only been told this, I don’t claim to know.
They swear that they will obey lawful orders from their commanders, all the way up to the President.
Re: xAI has acquired X, xAI now valued at $80B
#205Earlier quoted context omitted.
I don't understand the relation with TSLA.
Musk leveraged TSLA stock to buy Twitter.
Elon sold 19B in stock, took a loan for 6.25B, and the rest was other investors.
The 6.25B loan, assuming he still has it, is really not an issue considering his net worth. He can add more collateral or sell a bit. In fact TSLA stock is higher now than when he bought Twitter.
Re: xAI has acquired X, xAI now valued at $80B
#206Earlier quoted context omitted.
As opposed to Reddit? Or your Gmail? Or everything else on the internet?
I take your point, however an AI company owning a social media platform is new.
Sam owns Reddit and OpenAI.. how is that new? Google also owns Gmail and all Google Services , as well as its AI.
Re: xAI has acquired X, xAI now valued at $80B
#207So he just sold himself a company he already owns for a valuation that he himself assigned to that company but that was less than what he paid for it, and he paid entirely using “money” that has a made up value and which he issues himself? Wild.
Yeah these fantasies where musk would somehow go bankrupt by tanking Tesla and overpaying for Twitter were also wild He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world h…
> Even a sliver of that capability and influence ensures nobody will ever dare to try and slap some cuffs on him
After 2028 elections, all of that umbrella cover will go away. Optimistically speaking it could happen as soon as after Nov of 2026 (midterms).
Re: xAI has acquired X, xAI now valued at $80B
#208Re: xAI has acquired X, xAI now valued at $80B
#209Earlier quoted context omitted.
Good luck trying to get a bank to underwrite that loan, smells a bit risky.
"Nice bank you've got there. Would be a shame if ________" (Insert any number of orders that Musk can have his friends in the executive branch issue to make life miserable for the bank principals.) It's good to be the king. Even better to own him.
Case in point: https://apnews.com/article/trump-law-firm-mueller-fc64fcda09...
> A prominent international law firm reached a deal with President Donald Trump on Friday to dedicate at least $100 million in free legal services and to review its hiring practices, averting a punishing executive order like the ones directed at nearly a half-dozen other major legal institutions in recent weeks.
This isn't theoretical. It's happening.