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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

#841

Post by haliskerbas »

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…

I thought self dealing was usually illegal. I can’t sell my family member my house for $1 for example. But you can do the same thing with companies?

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

#842

Post by rideontime »

electriclove wrote: post #791
itake wrote: post #578

Earlier quoted context omitted.

can you cite your source? What leverage did Elon give the investors when he sold them shares?

No source, just speculation. I think my main point is that these aren’t regular people that we need to feel sorry for or rise up in arms to defend.

You can be against fraud in general without feeling sympathy for the particular victims. I know I am.

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

#843

Post by psd1 »

facile3232 wrote: post #701
marinmania wrote: post #224

Earlier quoted context omitted.

OP mentions the lawsuits did not succeed Its not like the courts are investment banks with an evaluation arm. They are just judging if anything reaches the point where shareholders were legally harmed, which still gives a lot of gray area to the acquiring company.

shareholder value maximization, shareholder value maximization über alles I just wanna know where we can find these shareholders and evict them from earth because they're destroying everything.

Sadly, my pension

I have no holdings in armaments or instruments of torture, apparently. But that's about the most constraint I can apply, short of self-managing.

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

#844

Post by immibis »

oskarkk wrote: post #91
toomuchtodo wrote: post #50

Earlier quoted context omitted.

67% of Americans would not consider buying a Tesla, new poll says - https://electrek.co/2025/03/28/most-americans-would-not-cons... - March 28th, 2025 Tesla (TSLA) Q1 delivery consensus: 377,000 EVs – worst performance in 2 years - https://electrek.co/2025/03/28/tesla-tsla-q1-delivery-consen... - March 28th, 2025 Tesla is banned from Canada EV rebate program, gov freezes suspicous $43 million in rebates - https://ele…

It's true that Tesla shares recently declined, but the context is important: during 2022-2024 Tesla shares were trading between $100 and $300 (with high volatility), in October 2024 they were at $200-$250, then after elections they skyrocketed to the all time high of $488 (for no fundamental reason), and since then the stock is falling. It's $263 right now - after the latest declines the stock only returned to the pr…

FWIW there was a fundamental reason for shares to spike after the election: The elected regime was one that is very corrupt and self-serving, and was likely to do everything in its power to make money flow towards the companies it owns.

By now, though, it's seeming more like they're too incompetent to do that. They'll probably still do it, but they'll crash the whole economy at the same time so the money that's flowing to Tesla won't be worth a whole lot. But it was a reasonable prediction at the time.

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

#845

Post by trepaura »

Hillarious. He wrote his own press release to pretend like he didn't just buy his privately held company using his publicly held company shares.

He's an idiot but I'll give him some credit, he just dumped a bunch if shares at their inflated value before they could drop even more. The guys he conned into buying Twitter with him won't have a reason to seek revenge now, and he can make whatever bullshit claims about the value if X he wants, since it's a private sale.

He did roughly the same thing with Telsa acquiring Solar Winds. Musk's Net worth is smoke and mirrors.

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

#847

Post by claytongulick »

acdha wrote: post #776
eximius wrote: post #703

Earlier quoted context omitted.

[flagged]

They’ve been here for ages but you can basically see what happens when you self-identify with a party rather than principles and put your intellect to work rationalizing positions selected by other people. I miss their contributions of a decade ago.

> what happens when you self-identify with a party rather than principles and put your intellect to work rationalizing positions selected by other people

This is a problem for a lot of people, regardless of political spectrum.

When your identity is tied to a political group, criticism of that group transfers to criticism of self, and there aren't many people that enjoy that.

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

#848

Post by nozzlegear »

ang_cire wrote: post #591
nozzlegear wrote: post #506

Earlier quoted context omitted.

Congress has never had the power to command the military, that's not one of the powers granted to it in the constitution.

Congress has the power to declare a war, which was supposed to prevent the Executive from taking any military action that was not purely defensive, without their approval. There was even a requirement about how long the President had to give an accounting to Congress about any action they did take. So yes, Congress was supposed to have the ability to "command" the military insomuch as they could choose whether the Ex…

By command I meant that Congress cannot tell the military "go arrest the president" or "go quell the unrest in that state." I agree that Congress has ceded too much power to the Executive in regard to declaration of war/military action in foreign countries after 9/11 though.

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

#849

Post by ethbr1 »

deadbabe wrote: post #386
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.

What are you gonna do with two hands?

There's only one correct Silicon Valley S01 answer to this: jack off two dudes at the same time.

(Or more, if you're a middle-out sort)

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

#850

Post by claytongulick »

soulofmischief wrote: post #746
vntok wrote: post #711

Earlier quoted context omitted.

Pointing out disinformation is a valuable thing to do, and well in the spirit of hacker news.

[flagged]

When I read your comment, what I see is "I checked through their comment history. They disagree with my political viewpoint, so I'm going to use the popular talking points from my in-group to attack them."

I glanced through your comment history as well, and I'm convinced that you are a lot smarter than that, and can add more to the conversation.

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