this post was submitted on 29 Mar 2025
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[–] [email protected] 16 points 5 days ago (4 children)

$33 billion, 3/4 what it was valued in 2022 when he bought it.

Honestly I'm surprised it's still worth that much. (or rather, that's he's succeeded in claiming it's worth that much).

[–] [email protected] 64 points 5 days ago

He paid it to himself. The value is completely made up.

[–] [email protected] 20 points 4 days ago

You have to remember that he wasn't alone in purchasing twitter. He brought others along with him. Now that value of twitter has gone down the tube, I'm sure he's got a ton of unhappy investors on his hand screaming at every quarter's results. He's trying to recoup what they paid for by giving them shares in AI company. And in turn artificially raise the value of the AI company privately as well. It establishes a benchmark for AI company's valuation for later private investors into that company.

[–] [email protected] 15 points 4 days ago (1 children)

xAI has raised maybe $12B from investors. And, supposedly, makes $100M/yr.

The valuations are absurd.

[–] [email protected] 1 points 4 days ago* (last edited 4 days ago) (1 children)

"Makes" by selling what exactly?

Also, thats an insane valuation based on earnings. 120x

[–] [email protected] 1 points 4 days ago

Subscriptions and licensing, supposedly.

$12B is just how much money investors put into it. The company’s valuation is $80B. Which is insane.

[–] [email protected] 1 points 4 days ago

It dropped a lot lower than that but spiked back up once he became the leader of America