Elon Musk’s AI startup, xAI, has acquired his social media platform X, he announced in a post on X Friday.
“xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk said in the post.
Read more here: https://tcrn.ch/4iP5aLA
“xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk said in the post.
Read more here: https://tcrn.ch/4iP5aLA
Comments
That's not counting all of the profits it should have been making.. probably more like 30 billion lost.
Me thinks XAI has been swindled.
After discounting for the fake or dormant accounts, which may make up more than half.
This technoanarchist is preparing to contract for Federal Government Inc to be established.
See xAI as the operator for Federal payment systems being constantly fiddled through social media much as bitcoin.
Musk wants the Treasury & Federal Reserve Bank in his pocket.
Or in Elon's case, Ket and mirrors.
This is clear example of why Billionaires should not exist.
https://www.dea.gov/factsheets/ketamine
The rebound of Twitter's share price is because Apple and other advertisers bent the knee to Trump and Musk's mafioso regime.. https://www.theguardian.com/technology/2025/mar/19/value-elon-musk-x-rebounds-purchase-price
Or just trying to hide the losses?
u-s-stock-market-drops-5-trillion-amidst-geopolitical-tensions
/ar-AA1BQnLx?ocid=socialshare
When the dust settles, it will be crystal clear that both companies border on being totally worthless.
Trust Me Bro & Assoc.?