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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

#621

Post by raverbashing »

bradleyjg wrote: post #131
gruez wrote: post #102

Earlier quoted context omitted.

Company directors are generally given wide latitude in what they can do without breaching fiduciary duty, so such lawsuits were always going to be an uphill battle.

An acquisition is a special case (for the company being acquired) and the scrutiny is somewhat higher. At least in Delaware. I have no idea what corporate law is like in Texas.

Yes but the owners of X are all elon sycophants so I doubt they will have an issue with this (and honestly xAI stock is better than x stock)

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

#622

Post by kacesensitive »

fastball wrote: post #608
rozap wrote: post #344

Earlier quoted context omitted.

My guess is that there's an added grift, er...benefit here; since the federal government is now (apparently) in the business of subsidizing AI companies, we'll effectively see the failing social media platform get subsidized by the federal government. I'm certain we'll see a pile of public funds handed over the xAI in the future.

Isn't X more profitable than Twitter was?

Yeah it is more profitable but revenues are way down.

In 2021, the last full year before Musk's acquisition, Twitter generated $5.08 billion in revenue.

Under Musk's ownership, X's revenue has declined significantly. In 2024, X reported $2.7 billion in revenue, which is nearly half of its pre-acquisition level. For 2025, global ad revenue is projected to grow to $2.26 billion, marking its first annual increase since the acquisition.

So yes on paper, X is more profitable than Twitter was before the acquisition. Its 2024 adjusted EBITDA nearly doubled Twitter’s best year, despite a much smaller revenue base. But whether that profitability is sustainable or comes at too high a cost—strategically, reputationally, and culturally—remains an open question.

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

#623

Post by ksynwa »

mandeepj wrote: post #196
redox99 wrote: post #167

Earlier quoted context omitted.

I don't understand the relation with TSLA.

There's a margin on TSLA stock at $112 or $115; Like some other commentator said as well - he collateralled TSLA stock to take a loan to buy Twitter.

What happens if you collateral a stock for loan and the stock somehow becomes worthless?

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

#624

Post by [deleted] »

legendofbrando wrote: post #301

In similar news: my left hand acquired my right hand today in an all stock deal valuing the combined hands at $1T. Praising the announcement my arms noted on the deal: “With these two hands now together, there’s nothing our combined fist of might can’t do.” Competitors, my left and right feet, declined to comment on the merger but are said to be in their own separate talks about a deal.

[deleted]

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

#625

Post by kelnos »

ActorNightly wrote: post #557
mandeepj wrote: post #207

Earlier quoted context omitted.

> 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).

Which is precisely why there won't be 2026 and 2028 elections. I dunno why people are pretending this is just 4 years of Trump. He tried to overthrow the results before, and this time around, he has support of all 3 branches and players like Elon Musk. US is going to do the same thing Russia did with Putin. If we end up having elections, its actually gonna be worse of long term, because despite tanking economy, most…

The main difference between the US and Russia in this regard is that the US federal government has very little say or control over what are state-run elections.

Solidly red states don't need election interference; they're going to vote red. Solidly blue states aren't going to tolerate interference. The handful or so of swing states will be watched incredibly closely by everyone else for even a hint of interference.

> and then a smarter Republican comes along and its a repeat again in 2032.

I mean, this is just how American politics works now, and has worked since extreme political polarization took root. That's what happens when you have FPTP voting and a two-party system, where members of each party show complete disdain (justified or not) of members of the other party.

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

#626

Post by kelnos »

defrost wrote: post #333
mandeepj wrote: post #207

Earlier quoted context omitted.

> 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).

The elections are already being taken over .. in newspeak of course. PRESERVING AND PROTECTING THE INTEGRITY OF AMERICAN ELECTIONS ~ https://www.whitehouse.gov/presidential-actions/2025/03/pres... The sweeping 12-page order contains a number of provisions, including a documentary proof of citizenship requirement to vote in federal elections as well as a requirement that all ballots be received by Election Day – both…

Fortunately that EO is completely illegal and unenforceable, as the president has essentially zero say on how state elections are conducted.

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

#627

Post by chairmansteve »

rayiner wrote: post #182
bhouston wrote: post #29

He has done this move before with Tesla buying Solar City. When you do a deal with yourself you can assign any value you want to assets, it isn’t a competitive process. In the previous case Solar City was dying but its acquisition by Tesla was pitched as a great synergy. https://www.businessinsider.com/solarcity-tesla-energy-belea... There were a few lawsuits from Tesla shareholders about the acquisition regarding se…

You’re burying the lede here, which is that the Delaware Chancery Court rules that Tesla had paid a fair price for Solar City: https://www.businessinsider.com/elon-musk-wins-solarcity-tes...

How's Solar City doing now?

Not sure the court was capable of that judgement.

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

#628

Post by goldfish3 »

ripped_britches wrote: post #170

It should be noted that the other xAI shareholders are/were supportive of the X takeover and all. So although I personally don’t like Elon, this doesn’t seem like self dealing as many here claim. Solar City worked out well even though it too seemed like self dealing. There are actually bad things to hate him for but acquisitions fraud is probably not on the table.

That does not make it any more or less self-dealing. Just means its investors love getting scammed.

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

#629

Post by lazyeye »

kelnos wrote: post #603
zozbot234 wrote: post #126

Earlier quoted context omitted.

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

That only works until Trump finishes purging the upper ranks of the military, and then gets the Senate to promote Trump loyalists to take their place.

What is a "loyalist"? What president has not put in place people that are loyal to him?

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

#630

Post by kelnos »

KerrAvon wrote: post #318
mandeepj wrote: post #207

Earlier quoted context omitted.

> 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).

On what basis do you think 2028 elections will be free and fair? Congress is going to try to mass-disenfranchise women before the 2026 midterms. They've stated this on the record. Dems aren't going to gain control of congress in the upcoming special elections. We're totally fucked economically and otherwise unless Democrats in congress -- mainly the Senate -- can get a fucking grip, pay attention to what's happening,…

> Congress is going to try to mass-disenfranchise women before the 2026 midterms.

That's only if the SAVE Act passes, or whatever else they dream up passes. The House can pass whatever MAGA wants, but the Senate needs votes from Democrats to clear the filibuster.

Unless of course the GOP yet again does what they say they'll never do, and drop the filibuster.

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