prediction: xai will get lucrative government contracts used to offset the on-paper debt of x in what is effectively an accounting trick of moving money from one pocket to the other and calling it revenue - ThreadSky

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machete.gay • 13 days ago

prediction: xai will get lucrative government contracts used to offset the on-paper debt of x in what is effectively an accounting trick of moving money from one pocket to the other and calling it revenue

Reposted from Reuters

BREAKING: Elon Musk said that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including debt reut.rs/43Znkp9

Comments

feralgrumpy.bsky.social•13 days ago

It's some kind of desperate move to keep X in the event Tesla loses enough value that it would have to be sold.

hamaapil.bsky.social•13 days ago

enron but on a nation level scale

funkylilpunk.bsky.social•13 days ago

Exactly what I was thinking lmao I think some Enron shit is going on behind the scenes with Tesla’s stock and that’s why they raided the SEC today

zetsubo.bsky.social•13 days ago

isn't this kind of fuckery usually a kind of fraud

earthypets.bsky.social•13 days ago

But since you eliminated oversight - who will hold him accountable?

vacationjerry.bsky.social•12 days ago

Literally no idea, but free markets and private property rights are good I learned in HS economics and civics classes. Despite any collateral benefit to the more odious vampire resembling souls among us.

zetsubo.bsky.social•12 days ago