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Musk's xAI buys social media platform X for $45 billion

⁨57⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨month⁩ ago⁩ by ⁨cm0002@lemmy.world⁩ to ⁨technology@lemmy.world⁩

https://www.reuters.com/markets/deals/musks-xai-buys-social-media-platform-x-45-billion-2025-03-28/

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Comments

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  • AdamEatsAss@lemmy.world ⁨1⁩ ⁨month⁩ ago

    What is stock manipulation?

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  • db2@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Well if that isn’t just incautious as hell.

    I guess he made enough money renting his son to Tump.

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    • Hideakikarate@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      Son? You mean “meat shield”?

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  • ikidd@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Only another one of Mushk’s companies would value X as high as that. Hell, other investors in that purchase have written their debt down 80%

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  • Treczoks@lemmy.world ⁨1⁩ ⁨month⁩ ago

    So this is how he tries to escape problems with his banks. Lets see how xAI is rated as collateral for his credits.

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