Redditsux@lemmy.world to World News@lemmy.worldEnglish · 28 days agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square95fedilinkarrow-up1476arrow-down17
arrow-up1469arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comRedditsux@lemmy.world to World News@lemmy.worldEnglish · 28 days agomessage-square95fedilink
minus-squaremerdaverse@lemmy.worldlinkfedilinkEnglisharrow-up27·28 days ago The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt) Lol, he actually think the value of Shitter is still $45B, as when he bought it. That’s cute.
minus-squareRedditsux@lemmy.worldOPlinkfedilinkEnglisharrow-up13arrow-down1·28 days agoIf I recall, fidelity wrote off most of its investment in twitter less than a year after the acquisition: https://www.forbes.com/sites/tylerroush/2024/09/30/elon-musks-x-is-now-worth-around-a-fifth-of-the-44-billion-he-paid-for-it-fidelity-says/
Lol, he actually think the value of Shitter is still $45B, as when he bought it. That’s cute.
If I recall, fidelity wrote off most of its investment in twitter less than a year after the acquisition: https://www.forbes.com/sites/tylerroush/2024/09/30/elon-musks-x-is-now-worth-around-a-fifth-of-the-44-billion-he-paid-for-it-fidelity-says/
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