President Elon Musk
He probably deserves his own thread at this point, discuss accordingly
microbet do you realize we knew twitter had lost most of it's value recently only because some of the OTHER investors legally had to re evaluate their stake in twitter, like fidelity?
Truly wild to see el señor ‘social security is a Ponzi scheme’ literally Ponzi scheme his way out of this shit
Elon is just doing what he always does: using capital from overinflated valuations on fugazi products to save a failing business
Yeah before politics i posted in bfi and cash game regs threads
I behave quite differently when complete sideshows aren't spamming nazi accusations at me. Strange right.
So many weirdos totally detached from reality. Conspiratorial, paranoid, delusional etc. This tweet-gate is just the tip of the iceberg.
welcome back, i missed you
do you realize different places geographicallt and different times in history make for different events?
being anti communist in my city when I was 16 was the rebellious, aggressive, powerful, morally healthy choice, all the establishment was communist, only the best people weren't
oddly, you can be both anti communist and not conservative
stock at the 45 billion evaluation, which for some of them will require yearly assessment of value for legal reason and their cost basis will start at 80+45-12 for the whole company so we will be able to track the evaluation and so on
Elon is just doing what he always does: using capital from overinflated valuations on fugazi products to save a failing business
sure but the people allowing that "overinflated" valuations are some of the most skilled and successful evaluators of unlisted businesses in world history by track record this time, not retail red cap guys.
ofc the best people in the history of the world at venture capital could be wrong this time but why do you think that's the case?
what makes you think you are better than sequoia at judging these things really?
My guess is all the entities who fronted the money to buy Twitter using Tesla stock as collateral kept knocking at the door to call on their money so Leon used xAI to buy Twitter at a ridiculous valuation to create an even more ridiculous valuation for xAI which generates exactly 0 revenue and use SpaceX to buy xAI
My guess is all the entities who fronted the money to buy Twitter using Tesla stock as collateral kept knocking at the door to call on their money so Leon used xAI to buy Twitter at a ridiculous valuation to create an even more ridiculous valuation for xAI which generates exactly 0 revenue and use SpaceX to buy xAI
and the entities were the same investors in xai so they just accept this because even if they are basically the most successful venture capital investors of all times, they are suckers this time?
so it's either the best venture capitalists around actually agree that stuff is valued properly OR Musk is outplaying the best venture capitalists of all times at their own game, either case, musk is truly a one of a kind exceptional genius here, winning among the sharks with the sharpest teeths the world has ever seen, correct?
stock at the 45 billion evaluation, which for some of them will require yearly assessment of value for legal reason and their cost basis will start at 80+45-12 for the whole company so we will be able to track the evaluation and so on
Which are massively different from open market values, which is the whole point. Peter Thiel has 5 billion in a Roth IRA despite 8k a year or whatever yearly limits for that same reason.
sure but the people allowing that "overinflated" valuations are some of the most skilled and successful evaluators of unlisted businesses in world history by track record this time, not retail red cap guys.
ofc the best people in the history of the world at venture capital could be wrong this time but why do you think that's the case?
what makes you think you are better than sequoia at judging these things really?
This is basically a debt restructuring. Might give x investors an exit
Sequoya has no say in how Elon runs his private company
sure but the people allowing that "overinflated" valuations are some of the most skilled and successful evaluators of unlisted businesses in world history by track record this time, not retail red cap guys.
ofc the best people in the history of the world at venture capital could be wrong this time but why do you think that's the case?
what makes you think you are better than sequoia at judging these things really?
This is basically a debt restructuring. Might give x investors an exit
Sequoya has no
This is entirely about appeasing Twitter investors who demanded an exit. Leon was deeply underwater between how much X shat itself in value and how much he put up in collateral
As far as I can guess this is a precursor to Spacex and starlink basically embezzling tens of billions more from the government through the machinations of this doge bullshit
This is entirely about appeasing Twitter investors who demanded an exit. Leon was deeply underwater between how much X shat itself in value and how much he put up in collateral
As far as I can guess this is a precursor to Spacex and starlink basically embezzling tens of billions more from the government through the machinations of this doge bullshit
twitter investors are the same people who fund xai, just check it out. the Saudis, fidelity, Horowitz, sequoia, the Qatari.
there is no exit they swap illiquid x stock for illiquid xai stock.
SpaceX will milk the government as much as it can, but xai investors won't see any of that money, it's a different company.
He doesn’t need any more seed money.
X was heavily funded by foreign investment. Rumor is Saudi put up 10 billion
my claim is that the same people who put money for twitter put it for xai.
the Saudi are in both deals. kingdom holding funded xai in the last round in late 2024.
ofc he doesn't need "seed" money , xai is valued at tens of billions.
point is x other investors are mostly the same people who already had funded xai.
they just want a slice of the AI musk is developing using twitter data, because grok is kinda decent apparently.
musk needs more money if he wants more compute. AI race is going to cost a lot of billions per participant per year. OPEN AI is bleeding billions per year.
musk needs to keep convincing some of the smartest and more ruthless participants in the game worldwide he is their best bet worldwide. and he is doing so currently.
they might be all wrong and you guys right OR the people who are actually the best on record at that game might have a better clue than you, I wonder what's the most probable case here.
Twitter borrowed 13 billion during the purchases
They are bleeding money and have no way to pay the loan back
Rolle Twitter under xai at cost
Sell shares of xai at 130 billion valuation
Pay off debt
All these vcs already put in billions at 1/10th the valuation. Nobody is calling them idiots
Wisconsin is suing Musk for his million dollar voter payola
At least someone is trying something
I don't understand where the 45bn valuation comes from.
They valued the company at 33bn for the merger.
Why are we adding debt to valuation?
