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Comment on 'X' Marks xAI's Spot: xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion.

Alexstarfire@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

I have seen 3 different posts and each had a different value for X. The number sends arbitrary. Who gives a shit what he paid for his own company.

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rational_lib@lemmy.world ⁨4⁩ ⁨weeks⁩ ago
It’s not all him, several other people invested in both. According to some article Elon owns 79% of X, and only 54% of xAI (barely enough to control it). Since the valuation of X in the deal is about $20 billion more what others have estimated ($12.3 billion), it definitely seems like it’s a corrupt bailout 46% funded with other xAI investors’ money, basically netting Elon $10 billion overnight.

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- surewhynotlem@lemmy.world ⁨4⁩ ⁨weeks⁩ ago
  
  Saudi Royals who possibly were convinced that this is ok.
  
  Convinced? This is how they’ve bribed him.
  
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  - Safipok@lemmy.ml ⁨4⁩ ⁨weeks⁩ ago
    Mixture of bribe and getting scammed.
    
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