Am I misunderstanding or is this using non-actualised gains to buy actual things? What are the tax implications of this?
xAI has acquired X, xAI now valued at $80B
691–700 of 1001 posts
Re: xAI has acquired X, xAI now valued at $80B
#692So 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…
We know how it ended for Rasputin.
Re: xAI has acquired X, xAI now valued at $80B
#693Earlier quoted context omitted.
He already said if he won you would never have to vote again but for some reason people didn't take him seriously.
Is that true/source?
In the video, trump urges people to go out and vote, in which case telling them "just this time" and "you won't have to do it anymore, 4 more years, it will be fixed, it will be fine"
When I watched the video, I saw no malice.
https://m.youtube.com/watch?v=gE7xoHJkgvE&pp=ygUqdHJ1bXAgc2F...
Re: xAI has acquired X, xAI now valued at $80B
#694Earlier quoted context omitted.
None of that is solar roofs. That product never worked. It's nearly all batteries. The Solar City was worthless and it hasn't improved.
How do you know which assets and people were useful on which projects?
How does grand parent know solar city is responsible for the net income?
Re: xAI has acquired X, xAI now valued at $80B
#695Earlier quoted context omitted.
Just keep in mind this is all funny money ! The valuation of those 2 companies combined should be X is heavily in debt, diminishing user base, and bleeding money. 0 profits xAI is yet to make any actual revenues outside of ... X. Also bleeding money Although I would admit, that these companies are not valued based by their economics, but rather on political power they provide to the owner.
> diminishing user base Where are you getting this from? All numbers I see indicate the user base has been growing globally. https://backlinko.com/twitter-users
Elon saying what the numbers are is the most unreliable thing.
Re: xAI has acquired X, xAI now valued at $80B
#696Earlier quoted context omitted.
The government spends 1 out every 5 dollars of GDP. It probably does need a better mechanism for managing costs and outlays. Having one of the "richest men in the world" be in charge of it is ridiculous. That's Trump for you. Populism up front, oligarchy in the back.
Not sure that tracks. Oligarchy is generally how people who don't deserve wealth can get it. As pointed out by you, that doesn't exactly apply to the world's (already) richest man. And who exactly would you look for to help the federal government build "a better mechanism for managing costs and outlays", if not someone who has built multiple successful businesses (managing costs and outlays at impressive scale) in ve…
That isn’t what oligarchy means. It has never meant that
Re: xAI has acquired X, xAI now valued at $80B
#697Earlier quoted context omitted.
The government spends 1 out every 5 dollars of GDP. It probably does need a better mechanism for managing costs and outlays. Having one of the "richest men in the world" be in charge of it is ridiculous. That's Trump for you. Populism up front, oligarchy in the back.
Not sure that tracks. Oligarchy is generally how people who don't deserve wealth can get it. As pointed out by you, that doesn't exactly apply to the world's (already) richest man. And who exactly would you look for to help the federal government build "a better mechanism for managing costs and outlays", if not someone who has built multiple successful businesses (managing costs and outlays at impressive scale) in ve…
The govt isn’t a business. Do you really want the list of people who would be better than Elon fucking Musk? It would take forever. This has the same energy as believing what Doge says because they have a simple table saying so
Re: xAI has acquired X, xAI now valued at $80B
#698Earlier quoted context omitted.
He bought it with stock from another company that has no clear value and is a meaningless hype monster. What is xai going to do that 10 other AI companies aren't going to build, anthropic, openai, etc.
Theoretically the synergy with Twitter could be fantastic in terms of potential value added, if I’m trying to be down to earth. The others have no real foothold in the real world beyond their own services, and users may flock away as AI integrated into their favorite apps etc. become good enough.
You might want to read about a little company called Meta, who possess the same advantage, but larger.
Re: xAI has acquired X, xAI now valued at $80B
#699Earlier quoted context omitted.
Its almost like modern life is riddled with lies, liars, and their collective bullshit. I don’t think this is a change in the human condition; we’re extremely greedy hairless apes. But guys like Elon really show how low we can go.
speak for yourself. I have plenty of hair! but what I really wanted to say (because I'm a special interests person) is that hair is a mammal trait. all mammals have hair!!! how cool is that?
TIL dolphins are born with hair
Re: xAI has acquired X, xAI now valued at $80B
#700So 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.
Buying your own assets is a well-known get-even-richer scheme of the rich.