Redditsux@lemmy.world to World News@lemmy.worldEnglish · 6 days agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square10fedilinkarrow-up1231arrow-down13
arrow-up1228arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comRedditsux@lemmy.world to World News@lemmy.worldEnglish · 6 days agomessage-square10fedilink
minus-squaremerdaverse@lemmy.worldlinkfedilinkEnglisharrow-up13·5 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-up7arrow-down1·5 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/