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Elon Musk reaches deal to buy Twitter for $44B - Bluesky crosses the 32 million user mark



Elon Musk once described competition for his businesses as non-existent, but today the two businesses that underpin his corporate empire - Tesla and SpaceX, are facing more and more competition. In todays video we examine if Elon Musk's business empire is collapsing?
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In other words, Musk used his pumped up xAI stock to pay multiple times over value for X, but still take an $11B loss on the transaction, while screwing over xAI investors, and X investors and to sell your data to his own AI company.

Also Grok at $80B is an insanely dumb valuation.

The one thing Grok does well is live time from access to Twitter data. But otherwise it’s not a break through model and it’s terribly monetized.
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Actually Musk is down a lot more here than I thought. Which is why he would have done this deal, it was near collapse. I forgot that he put 25% of xAI shares into Twitter in exchange for data access and rev share. So the $33B valuation he just gave for Twitter included $20B of xAI equity. So the actual value of the site was $12B. He’s down -$30B, still has $12B in debt to pay down, which is now the entire remaining value of the site. Given that and the sell off in Tesla shares it’s very likely that his collateralized loans were getting called into question. So he eats a mark down loss $45b->$33b to roll Twitter into xAI so he can stave off bankers on those loans. But now he has an $80b company, with at least $12b in debt and only around $100m/yr in top line revenue optimistically. All still backed by Tesla stock. He gets to save face with accounting magic claiming that Twitter didn’t lose value - but Musk got fucking cooked here.
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Madrox said:




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That’s wat he hanging around trump all day to get that defacto secret service protection.. mans scammed mad investors out of more loot.. he know they bout to put a friendly hit out on him.. that’s why I’m thinking he saw that shit coming hence why he decided to give trump a life line to a campaign victory..
 

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