- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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so… Who are xai’s investors?
I can see its products but I don’t see the investors on wikipediaThis might have the opposite effect he wants, xAI investors no longer have a clean AI investment and are now linked to a failing social media platform.
xAI is already losing bigtime vs other AI companies, this just makes it even less attractive.
The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt)
Lol, he actually think the value of Shitter is still $45B, as when he bought it. That’s cute.
Musk’s slight of hand shell game to keep from losing his shirt if his Tesla stock keeps dropping and his X financiers come looking for money.
For reference, he bought it for $44B.
https://wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
YAAASSSS!! I love to think of him losing money without money his influence plummets
It’s almost better than losing money. He put up a certain amount of Tesla stock as collateral for the loan (essentially) to buy Twitter.
So if Tesla’s stock tanks, those creditors will be able to claw more stock away from him. If it tanks enough, he’s in hostile takeover territory.
Well, not really. Twitter was his own private property that he bought with borrowed money secured against his Tesla shares. xAI on the other hand is financed by investors whose money he used to bail himself out at a price he made up himself since Twitter is no longer publicly traded. So this is, in my opinion, misuse of investor funds; the picture would be true if xAI used how own money to do this, but no.
On one hand,I think this is serious fraud. On the other, my understanding for anyone investing into his companies is very limited, there are so many red flags on so many levels.
To understand Musk/Trump investors, imagine the investment to be an NFT.
What’s the point? Is it some sort of tax scheme?
His juvenile enthusiasm for the letter X is so ten-year-old boy with sunglasses.
“X” is also 88 in ASCII. 88 is a Nazi reference to “heil hitler”. Big surprise.
Who did that‽ It’s so beautiful, it should be posted all over Xitter lol
Just confirming Xitter is pronounced “shitter” right?
That’s how I’ve been pronouncing it in my head when I read it.
I still say “Twitter” though because that and the gulf of Mexico are the only things I feel are okay to deadname.
Until the Gulf of Mexico becomes sentient and tells me it prefers to be called the Gulf of America, I will continue to call it what the rest of the world calls it.
