xAI has acquired X, xAI now valued at $80B
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xAI has acquired X, xAI now valued at $80B
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Re: xAI has acquired X, xAI now valued at $80B
#2This is the kind of crap we learned about when studying the "Robber Baron" era in the US public school system. Well, I mean, we were _supposed_ to learn it - evidently a lot of folks did not.
Re: xAI has acquired X, xAI now valued at $80B
#3The SEC would likely have a field day with this, if there was still a functional SEC.
Re: xAI has acquired X, xAI now valued at $80B
#4This is the kind of crap we learned about when studying the "Robber Baron" era in the US public school system. Well, I mean, we were _supposed_ to learn it - evidently a lot of folks did not.
The Robber Baron era was more an instruction manual.
Re: xAI has acquired X, xAI now valued at $80B
#5The SEC would likely have a field day with this, if there was still a functional SEC.
Does the SEC have any say over privately held companies?
Re: xAI has acquired X, xAI now valued at $80B
#6What ever happened with the TSLA shareholders suing over xAI knocking the AI wind out of Tesla's sails?
Re: xAI has acquired X, xAI now valued at $80B
#7Kudos for the exit, Elon! /s
Re: xAI has acquired X, xAI now valued at $80B
#8The SEC would likely have a field day with this, if there was still a functional SEC.
I'm not sure the SEC would obviously have jurisdiction, since neither Twitter nor xAI were public companies. The FTC might care about such a merger, however, and I suppose minority investors in xAI would have some ability to file a lawsuit if they think that X was acquired over its fair value.
Re: xAI has acquired X, xAI now valued at $80B
#9What is the play here? Using money invested in xAI and its inflated valuation to bail out the X investors?
Re: xAI has acquired X, xAI now valued at $80B
#10Can someone please explain this with more words?