- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
You must log in or register to comment.
I dont understand these numbers, or the value of anything at all it appears
And now you understand the stock market. Everything is worth something, but it’s only worth what someone will pay for it. If the richest man in the world says he owns 7, the stock soars! But in reality, the stock isn’t worth anything more than it was before. There’s just more dupees in the market now.
This is worth 1,000,000,000 dollars if someone buys it at that price.
Stocks, art, wine, same valuation technique. Slap a sticker price and if someone buys it, that’s the value. Welcome to capitalism.
As online commentary states: I sold my car to myself for $1 million.
The numbers don’t mean anything at all.
The IRS wants their cut.
Rich people don’t pay taxes
For reference, he bought it for $44B.
https://wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
But this one doesn’t really mean anything since they’re both owned by him.
xAI and X’s futures are intertwined — they will fall together into the howling void of pain, madness, and leveraged buyout debt, leaving Elon with only his $45 billion dollars for consolation.
He’s trying so hard to salvage that site.
X just had a record high number of usage a couple of months ago.
Bots *
Go home Elon, you’re drunk.
What? Don’t believe me? Go look it up. Easy
No you share that source.
Another money laundering scheme.
Wait so X is worth more with the Nazi owning it in full?
he’s debt juggling
I suppose because he can at a moment’s notice gut the SEC and presumably now that X is incorporated in Texas and I have to assume xAI is as well(?) there’s no federal or state fraud investigation likely.
Feels quaint that Trump in 2017 even went to the trouble of filling a table with blank papers to give the appearance of being concerned about conflicts of interest, and this outright self-dealing corruption is happening daily while nobody in power even talks about it.
Oh I know. I just hate he inflated its value with its hate.
Sleight of hand.
xAi got ripped off I hear x isn’t worth the servers it runs on
