Uh huh. - ThreadSky | a Reddit-style client for Bluesky

vcdgf555.bsky.social • 3 days ago

Uh huh.

Elon Musk said on Friday that he had sold X, his social media company, to xAI, the artificial intelligence start-up he founded in 2023, in an unusual arrangement that may raise conflict-of-interest questions.

Comments

dalejohn.bsky.social•3 days ago

Basically illegal because he paid himself an over valued price.

jediknight-red-6.bsky.social•2 days ago

Wish Twitter had as many locations as Tesla. Oh, well I guess I'll pay a visit to the local Tesla dealer today. https://www.theguardian.com/technology/2025/mar/28/anti-elon-musk-protests-tesla

jediknight-red-6.bsky.social•2 days ago

https://actionnetwork.org/event_campaigns/teslatakedown

fva-0101.bsky.social•3 days ago

In all likelihood, this is another tax-free deal. I wonder how this offshore zone is called?

jediknight-red-6.bsky.social•2 days ago

The Bermuda Triangle?

davidedesantis.io•2 days ago

Probably he would funnel gov funding for AI to this company and using them to, at least partially, cover debts for twitter acquisition

cospublishing.bsky.social•3 days ago

The real game I think was to cash-out the debt holders of X. They were not so happy at having to write down the value of X, taking a virtual loss. Some of the lenders were his friends. This prevents nasty little details like calling the loans and forcing a distressed sale. His friends are happier.

rickbritt.bsky.social•3 days ago

He took money from one pocket, and put it in another?

dalejohn.bsky.social•3 days ago

He took the money from one company that isn’t all his money and bought X at an overvalued price and pocketed it. What money he used wasn’t his to begin with.