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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

#281

Post by nickthegreek »

tomcam wrote: post #122
gwbas1c wrote: post #12

I get a kick out of how the link in this story is "twitter.com" instead of "x.com". Personally, I think everyone should just continue to say "Twitter."

> Personally, I think everyone should just continue to say "Twitter." Because…?

Because I'm not about to hand over one of the 26 essential letters of our alphabet to corporate whims. "Twitter" emerged as a fresh term because people embraced it—not because a billionaire decreed it. Whether it's naming a service or renaming a gulf , words—and especially their letters—belong to the public, not to the power of a few billionaires..

Re: xAI has acquired X, xAI now valued at $80B

#282

Post by AppleAtCha »

LanceJones wrote: post #125
mingus88 wrote: post #87

Earlier quoted context omitted.

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…

He only holds ~15% of Tesla. His real money is in SpaceX... 50% ownership there. I wish people would think just a little before parroting the "hit Musk where it hurts" drivel.

SpaceX is worth less than 10% of what Tesla is valued at, so 15% is still a larger holding and very much "where it hurts". You should consider pausing before calling the popular position drivel.

Re: xAI has acquired X, xAI now valued at $80B

#283

Post by eightysixfour »

mingus88 wrote: post #87
saaaaaam wrote: post #48

So 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…

> He’s literally the richest person the earth has ever known

This is arguable in real terms.

Re: xAI has acquired X, xAI now valued at $80B

#284

Post by pedalpete »

moogly wrote: post #264
zozbot234 wrote: post #126

Earlier quoted context omitted.

That military apparatus is sworn to uphold the Constitution, not support the current president.

The Constitution isn't worth much right now, and it's up for sale, no less.

I wonder if Elon will acquire it with shares.

Re: xAI has acquired X, xAI now valued at $80B

#285

Post by tim333 »

TheAlchemist wrote: post #70

This is Solar City all over again, but at least this time it's not with public investors money. He can now use the money raised by xAI, to pay off the debt of X, which was bleeding money. So today in corporate America we have: - Trump pardoning one of the most obvious scammer of the past 10 years - Trevor Milton - Trump pardoning some obvious crypto scammers - Musk using investors money from one of his companies, to…

>Trump pardoning some obvious crypto scammers

who?

Re: xAI has acquired X, xAI now valued at $80B

#286

Post by drexlspivey »

whats_a_quasar wrote: post #258
_ea1k wrote: post #216

There's a lot of negativity here, but tbh, it makes complete sense. Grok and X are really tightly integrated already, and it was strange that they were separate enterprises to begin with. That part was odd. Fixing it isn't odd.

The negativity is because he's using investor money in xAI in a related party transaction. He's negotiating both sides of the sale and it's not at all obvious the transaction price is a good or real price for Twitter. It may make sense to merge the two, but this is an unethical way to make a deal and I think it is likely the xAI investors are getting screwed.

Will someone think of Larry Ellison

Re: xAI has acquired X, xAI now valued at $80B

#288

Post by maxlin »

thanhhaimai wrote: post #136

This move makes it more likely that the internal number for TSLA is not good, and Elon is expecting the price to go down. He has access to the real revenue number. If it's going well, he wouldn't have to perform this maneuver. xAI was relatively separated from X and TSLA, and wasn't having the backlashes associated with the two. Now he risks having the xAI branding tarnished too. He wouldn't do this unless the TSLA i…

This sounds as tinfoily a take as I've heard here. TSLA is not related to this in any way.

Re: xAI has acquired X, xAI now valued at $80B

#289

Post by vlovich123 »

fallingknife wrote: post #255
sorcerer-mar wrote: post #211

Earlier quoted context omitted.

At the rate he's going, SpaceX is probably on its way to being nationalized within the next few elections. And that would make sense totally aside from punitive response: it is pretty dangerous to have such vital defense infrastructure controlled by such a mercurial personality.

Yes let's just have a fascist government that can seize private property because they declare it "dangerous." I see no way that could go bad.

Some research may be warranted on your part before you have a kneejerk reaction. The US has nationalized businesses in the past even when those business were solvent [1]. SpaceX would of course be a larger case and much more politically fraught, but I don’t think nationalizing SpaceX automatically makes it a fascist government.

Oh, and you may want to look up eminent domain. The government regularly seizes private property and even does so effectively on behalf of other private entities. If you’re actually consistent on your framing then you’d have to admit you’ve lived your whole life under what you consider a fascist government regardless of political affiliation. For example, here’s [2] Trump using the government’s eminent domain power (before he was president) to take property from another private entity. And here he is doing the same thing [3] as president.

[1] https://en.wikipedia.org/wiki/State-owned_enterprises_of_the...

[2] https://www.cato.org/commentary/donald-trumps-eminent-domain...

[3] https://brooklynworks.brooklaw.edu/blr/vol84/iss2/3/

Re: xAI has acquired X, xAI now valued at $80B

#290

Post by outer_web »

tomcam wrote: post #122
gwbas1c wrote: post #12

I get a kick out of how the link in this story is "twitter.com" instead of "x.com". Personally, I think everyone should just continue to say "Twitter."

> Personally, I think everyone should just continue to say "Twitter." Because…?

'X' is cumbersome. Everybody knows what you're talking about when you say Twitter.
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