Read the string... it's pretty incredible!
His $80B company, xAI, just bought X for $33B... (4.Viewing)
- Topic Starter MapleDots
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Read the string... it's pretty incredible!
Elon Musk essentially just sold Twitter to himself.
Not really
Her personally guaranteed the Twitter purchase with backers from dubai and such.
Selling to xAI shifts it to one of his companies, so basically taking the responsibility off his shoulders.
He is the majority shareholder of Twitter and xAI. It's hardly some arm's length transaction.
Musk is spending more time shitposting on X now than even running his companies.
He posts hundreds and hundreds of nonsense tweets a week.
I am not sure how this "sale" helps with that.
Maybe focus on Tesla. The sales and brand value are tanking as other EV are growing.
Brad
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