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Elon Musk's Company Buys Another Musk Company
Billionaire Elon Musk on Friday said his artificial intelligence startup xAI is buying his social networking platform X in a deal valuing the company, once known as Twitter at $33 billion.
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gracieamazed
Joined 2011/10/25Visited 2025/03/31
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Elon Musk's xAI firm buys social media platform X for $33bn[image or embed] -- The Guardian (@theguardian.com) March 28, 2025 at 10:06 PM
Elon Musk's xAI firm buys social media platform X for $33bn[image or embed]
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AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
#1 | Posted by LegallyYourDead at 2025-03-28 08:43 PM | Reply
So. He's selling X, to himself?
#2 | Posted by ClownShack at 2025-03-29 01:42 AM | Reply
Got a good deal too... $11 Billion less than he paid for it the first time.
#3 | Posted by REDIAL at 2025-03-29 02:19 AM | Reply | Funny: 1 | Newsworthy 1
Thanks, MAGANazis, for electing the guy who gave up his presidency to the illegal immigrant while surrendering the USA to Russia and the next highest bidder.
#4 | Posted by chuffy at 2025-03-29 10:16 PM | Reply
He should be arrested for public ------------.
#5 | Posted by RightisTrite at 2025-03-30 12:38 AM | Reply
@#4 ... Thanks, MAGANazis, for electing the guy who gave up his presidency to the illegal immigrant while surrendering the USA to Russia and the next highest bidder. ...
That's a pretty good summary.
#6 | Posted by LampLighter at 2025-03-30 12:45 AM | Reply
Elon uses an algorithm to engineer his own truth on X which he feeds into his LLM that he uses to "solve everything". And now he can feed personal government information about his users and his enemies (perceived and real) into his models.
We don't need to be the world's state of the art in science or medicine. We don't need to know about meteorology, climatology, natural resources, disease, pollution, economics, or really anything.
We have Gronk.
#7 | Posted by horstngraben at 2025-03-30 10:21 AM | Reply
__________ Elon Musk's Company Buys Another Musk Company Musk said his startup xAI is... valuing Twitter at $33 billion.
#3 | Posted by REDIAL at 2025-03-29 02:19 AM Got a good deal too... $11 Billion less than he paid for it the first time.
Ha-ha, funny. Considering the market value of still money-losing eX-Twitter was most recently estimated at about $8B-$9B.
Seriously, though, this self-dealing (similar to Elon's "sweetheart deal" acquisition of nearly bankrupt SolarCity, partly owned and run by his cousins, by Tesla and renaming it into Tesla Energy) is "valued" by Musk/xAI at $45B ($33B + assumption of eX-Twitter's $12B debt) and is likely to provide lifetime of tax write-offs. It already pushed the EV (enterprise value) of xAI to "self-estimated" $80B MV, against which Musk can seek debt or outside investment, among other bennies.
As the song says:
Hah, that's the way you do it You play the guitar on the MTV That ain't workin', that's the way you do it Money for nothing and your chicks for free __________
#8 | Posted by CutiePie at 2025-03-31 05:24 AM | Reply
Fire at Tesla dealership in Rome destroys 17 cars
www.reuters.com
The nazi junkie has fans everywhere.
#9 | Posted by reinheitsgebot at 2025-03-31 10:40 AM | Reply
As I read the headline, the image of a snake devouring it's own tail instantly came to mind.
#10 | Posted by dutch46 at 2025-03-31 12:07 PM | Reply
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