Just because you paid 33 billion does not make it worth that, just like when you paid 44 billion and it wasn't worth THAT....
So what you're saying is, Musk now has an $11 billion write-off without really losing anything that was sold.
this post was submitted on 28 Mar 2025
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Enough Musk Spam
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Good way to put it.
Its the world of the rich, and you're just here taking up space. Move, they got money to make and bones to break.
We're not taking up space, we're the foundation. Produce and consume. Every time you go to work, and every time you buy something (no matter what it is), we're propping them up. Without us, they're nothing. The problem is, we ain't gonna do anything about it, cuz that would mean revolutionary organization which ain't gonna happen.
Not with that attitude
So xAI raised $6 billion at a $40 billion evaluation, i.e. they sold 15% for 6 billion. Then they used 82.5% of the company to buy X so the Saudis and JP Morgan and whoever got something, making it less likely that there's an embassy and a bone saw in Elon's future.
Edit: sorry, it was $50 billion so 66%. But xAI doesn't really have any income so I'd say their value is closer to those $6 billion. So they bought Twitter for $4 billion, one tenth of what it was.
THIS will solve everything wrong with his decaying site