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Surely not some fraud shit. Musk's xAI buys social media platform X for $45 billion
(eu.usatoday.com)
this post was submitted on 29 Mar 2025
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So tesla stock is tanking, and he's at risk of defaulting the loans for the buyout, so he incorporates a new company, and proceeds to buy x at an inflated price, presumably to grant himself a reprieve on the debt, and to serve as a buffer should the value tank even further. Nope, no fraud here. /s
No no you get this wrong. Twitter is invaluable for an AI company. Imagine the great things you get out of it if you'd feed an LLM with all the right wing/Nazi/fake news content there. /s