Twitter now owned by xAI - company founded by Elon Musk

[Legend]

https://t.co/d7X42r2crm pic.twitter.com/TpBdycKV4Y

— Sony Electronics (@SonyElectronics) August 21, 2024

[the-pi-guy]

Sign our petition to support the Constitution!

Also earn $47 for every person you refer to sign the petition if they’re in a swing state.

Goal is to get 1M voters in swing states to show support for free speech & right to bear arms. https://t.co/2cjdY7pnj9

— Elon Musk (@elonmusk) October 6, 2024

[Dr. Pezus]

Elon is going off the rails

[the-pi-guy]

https://www.hollywoodreporter.com/business/business-news/x-sold-elon-musk-ai-company-xai-1236175325/?_thumbnail_id=1236175322

Elon Musk said Friday that xAI, his artificial intelligence company, had acquired X in an all-stock transaction that values xAI at $80 billion and X at $33 billion ($45 billion, his original take-private price, minus $12 billion in debt).

That's $1 billion more than the take-private price of $44 billion in 2022.

[Legend]

https://www.hollywoodreporter.com/business/business-news/x-sold-elon-musk-ai-company-xai-1236175325/?_thumbnail_id=1236175322

Last I saw was that Musk owned 54% of xAI, so I'd say the previous thread title was still accurate  

[BananaKing]

So did musk lose money here or what

[Legend]

So did musk lose money here or what

No. He sold it to himself.

Good job, guys 😂 https://t.co/9fx1i6Qjrc

— Elon Musk (@elonmusk) March 29, 2025

[kitler53]

So did musk lose money here or what

likely saving him money really.   to buy twitter he took out loans against his telsa stock.   with tesla's stock falling those loans could default and he'd be forced to liquidate his tesla holding.  by having xAI buy up twitter he eliminates that risk.

also, it honestly just makes sense for xAI to want twitter because that's a huge amount of data to train on.