You're a "sports man" LT I assume, you have that vibe anyway, I don't think you're only in it for the sectarianism so... you know when the fans are throwing their arms around screaming and weeping, declaring every point invalid, when they're getting their arse stretched?

It's giving that.

Stay out of the black and into the red, nothing in this game for two in a bed

You don't get anything for a pair, not in this game

…how has Elon Musk sold X to himself../…to his own company…and what’s the gain in doing that, there must be a reason…it’s valued at over 80 billion dollars but he’s sold it to himself for 45 billion dollars…?…

…oh, the actual media platform is valued at 33 billion dollars, 45 billion includes 12 billion debt which he’s bought as well….

https://www.reuters.com/markets/deal...on-2025-03-28/

Thats a very optimistic valuation

Obfuscating the dire financial state that X is now in by absorbing it into his AI company which is doing comparatively well. It's largely PR. But probably means X will descend further into being a bot-platform (more than it already has, which is a lot).

People (especially younger generation, people under 20-ish) are already getting wise to AI-generated propaganda though and can spot it a mile off ; it's a game with a very, very limited lifespan at this point. Social Media era already showing signs of obsolescence.

…so if the platform isn’t in good financial shape, does it sponge up some of that loss as well by absorbing it into his other company and at a greatly reduced cost of its full worth…?…

realistically, twitter is worth much less than 10 billion in the open market, it could be worth as little as 2 billion

Like paying off a credit card with a credit card

It wasn't bought outright for the $44 billion, it was bought with a $44billion loan leveraged against Tesla stock. Tesla stock prices have been plummeting, if they fall much further the lenders could have called in the loan (reposessed X, essentially). By outright buying it "from himself" but via another company, and not leveraging against Tesla stock, he removes that possibility.

Basically yes - when card 1 was about to go into default, paying it off with card 2 for a fresh start.

It's worth next to nothing now because its only worth is in ad revenue, and it's become a platform that only really serves a single demographic, meaning it only has advertising worth for certain companies, not broad appeal.

After all these years, they've finally realised that they have nothing on Trump that stands up. So now they're trying their luck with Elon.

Have you ever once considered that he might be the one speaking the truth? Not even once?

Space-man bad

Insert NPC meme here

…ahhh I see…and gets to keep his investors, I guess… makes it all a bit more reassuring for them…

Musk has the power to give his investors as little or as much as he wants. He is the boss of finance in america now

In one breath: "They are pushing negative propaganda!"

In the next: "...they are EVIL!!"

lol

The X social media site isn't worth what he paid for it, but the AI stuff could be worth a lot in the future.

Where does the money come from to pay for X this time? Is that not secured against Tesla?

Okay, I asked the Grok AI lol. The funding for the purchase comes from the substantial investor backing XAI has got in the past.