RE: So in the 2.5 years he owned twitter it lost $11b in value.

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Mar 28, 2025
5:05:51pm

Niiineteeen84 Blowhard

RE: So in the 2.5 years he owned twitter it lost $11b in value.

It wasn't really worth $44B at the time of sale is the biggest problem.

Elon Musk Paid High Price For Twitter But After Years Of Declining Value, X Is Once Again Worth $44 Billion

Billionaire Elon Musk paid $44 billion to acquire social media platform Twitter, which he later rebranded to X. The valuation of the platform has declined sharply since the 2022 purchase with Fidelity marking the value down by 72% as of December. A new report shows a secondary deal for the company...

https://finance.yahoo.com/news/elon-musk-paid-high-price-114537561.html

This message has been modified

Originally posted on Mar 28, 2025 at 5:05:51pm

Message modified by Niiineteeen84 on Mar 28, 2025 at 5:06:38pm

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Niiineteeen84

Bio page: Niiineteeen84
Joined: Jan 17, 2007
Last login: Mar 31, 2025
Total posts: 22,123 (772 FO)

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Messages

Author

Time

xAI just bought X

Mar 28, 4:21pm

Interesting. Sold it to himself? I wonder why.

paulb

Mar 28, 4:24pm

Consolidating? Buying out original investors?

JohnnyC

Mar 28, 4:26pm

Did you read the article?

molodyets

Mar 28, 4:29pm

Briefed it. Says the 2 belong together, took too long to get to my answer 🙂

paulb

Mar 28, 4:32pm

RE: Briefed it. Says the 2 belong together, took too long to get to my answer

fan_byu

Mar 28, 4:42pm

RE: xAI just bought X

Warner

Mar 28, 4:24pm

I bought my house from my wife and valued my house at 10 million btw. We both still own it.

CSoul

Mar 28, 4:28pm

That’s a lot of tax your wife will be paying

Warner

Mar 28, 4:29pm

It was an all stock transaction

CSoul

Mar 28, 4:35pm

How does that avoid tax?

HarlemCoug

Mar 28, 4:45pm

Oh, we are taking this seriously? Hint: My original was a joke as was the subsequent reply

CSoul

Mar 28, 5:02pm

No boot involved

dratax

Mar 28, 5:05pm

Very ethical

Deleted

Mar 28, 4:37pm

Sounds like you're involved with the intracacies of the deal. Care to expound on why it's not ethical?

Mar 28, 4:41pm

What? Give me one good reason ethics plays into this.

Ron Mexico

Mar 28, 4:42pm

did the people he was raising money from for AI know he is just going to use it pay himself for twitter

Deleted

Mar 28, 4:50pm

Hm. I’m not seeing this. It was an all stock transaction involving two companies

Warner

Mar 28, 4:59pm

It's clear you don't understand what's happened here. The investors benefit from this. A year ago when xAi raised their

HarlemCoug

Mar 28, 5:00pm

Always a 80% chance

Deleted

Mar 28, 5:14pm

RE: It's clear you don't understand what's happened here. The investors benefit

Born2Fish

Mar 28, 6:12pm

I think the bigger issue at stake is that xAI now owns all Twitter data for doin

AFewThoughts

Mar 28, 5:12pm

?

HarlemCoug

Mar 28, 4:43pm

So in the 2.5 years he owned twitter it lost $11b in value.

8-track

Mar 28, 4:58pm

It was acquired for $45m. Gotta include the liability assumption.

TCuz

Mar 28, 5:02pm

RE: So in the 2.5 years he owned twitter it lost $11b in value.

Mar 28, 5:05pm

It’s not worth $44b if it was just sold for $33B.

8-track

Mar 28, 5:07pm

Oh sorry. Elon bad!!! Is that better?

Mar 28, 5:09pm

$33b + $12b liabilities = $45b. The valuation went up.

TCuz

Mar 28, 5:10pm

It was sold for $45B minus $12B of debt for a net of $33B.

HarlemCoug

Mar 28, 5:12pm

$33B stock plus $12B assumed debt equals $45B total acquisition value.

Acorn

Mar 28, 6:49pm

Assets=Liabilities + Equity.

dratax

Mar 28, 7:26pm

Isn’t an asset purchase, but $12 liabilities plus 33 stock is still 45

Acorn

Mar 28, 8:10pm

RE: Isn’t an asset purchase, but $12 liabilities plus 33 stock is still 45

dratax

Mar 28, 9:18pm

I wouldn’t respond either if I was you. 😂

YbeatsU

Mar 28, 5:45pm

From the article:

8-track

Mar 28, 7:18pm

Stop ignoring my posts then. The way it is valued is $33b + $12b in liabilities. $45b.

TCuz

Mar 28, 7:33pm

If company borrowed 25B & purchased 25B in assets it hasn't gone up in value

dratax

Mar 28, 8:10pm

If they assumed the debt of the company then they paid $45b for it, not $33b.

TCuz

Mar 28, 8:26pm

Here’s the way someone on Reddit explained it:

8-track

Mar 28, 8:52pm

I agree

dratax

Mar 28, 9:17pm

Great maneuver for xAI. It now OWNS all the twitter data. The perfect goldmine

AFewThoughts

Mar 28, 5:09pm

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