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Mar 28, 2025
9:17:35pm

dratax Political Junky

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dratax

Bio page: dratax
Joined: Mar 31, 2004
Last login: Apr 2, 2025
Total posts: 9,447 (20 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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