this post was submitted on 29 Mar 2025
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[–] [email protected] 1 points 1 day ago

so... Who are xai's investors?
I can see its products but I don't see the investors on wikipedia

[–] [email protected] 15 points 2 days ago

This 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.

[–] [email protected] 0 points 2 days ago (1 children)

So... computer programs can now own property. Interesting. Is this the first step in giving computers the vote?

[–] [email protected] 1 points 2 days ago

AI dystopia

[–] [email protected] 25 points 2 days ago

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.

[–] [email protected] 4 points 2 days ago* (last edited 2 days ago) (2 children)

So what is he planning on doing? Make the worlds most corrupt porn Ai service? Or an AI political drama machine?

[–] [email protected] 4 points 2 days ago

Companies are no longer requires to disclose that they are owned by a shell. This is the beginning of his ultimate grift.

[–] [email protected] 4 points 2 days ago

I saw someone mention how It's because he's getting sued over on x and he's trying to do shady shit like always

[–] [email protected] 27 points 2 days ago (1 children)

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.

[–] [email protected] 12 points 2 days ago (1 children)
[–] [email protected] 13 points 2 days ago

Wrote down not off.

https://www.theguardian.com/technology/2024/jan/02/x-twitter-stock-falls-elon-musk

Debt is written off when deemed unrecoverable.

Assets can be written down when the value is lower than expected. Often this is due to more rapid depreciation of capital assets due to damage or impairments to goodwill (brand failure).

But none of that matters because private equity valuations are all bullshit and mean nothing anyways.

https://www.wallstreetoasis.com/forum/private-equity/private-equity-is-a-joke

[–] [email protected] 24 points 3 days ago (1 children)
[–] [email protected] 5 points 2 days ago (2 children)

YAAASSSS!! I love to think of him losing money without money his influence plummets

[–] [email protected] 4 points 2 days ago* (last edited 2 days ago)

He did it to escape Tesla stock. Because car companies are heavily cyclical.

He's succeeding not failing, unfortunately.

[–] [email protected] 11 points 2 days ago (2 children)

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.

[–] [email protected] 3 points 2 days ago

We enter hostile takeover territory around $115

[–] [email protected] 6 points 2 days ago

I love it when you talk dirty 🤪

[–] [email protected] 18 points 3 days ago

Are the authorities aware? It's very illegal to sell exctacy in the US.

[–] [email protected] 51 points 3 days ago (1 children)

So hell get taxed for exchange of speculative assets right?... Right?!

[–] [email protected] 47 points 3 days ago

No because it's a loss, so he'll actually get 10bln in tax credit

[–] [email protected] 68 points 3 days ago (1 children)

Is this so the loans secured with X stock can't be called in, forcing Elon to sell the collateral to pay back the loan?

Sure seems like a bullshit business move to retain control of Tesla.

[–] [email protected] 9 points 2 days ago* (last edited 2 days ago)

X is a private company, there's no stock. It was secured with Tesla stock.

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