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NEW: Elon Musk’s artificial intelligence firm xAI has acquired his social media platform X in an all-stock transaction that values the company at $33 billion, including $12 billion worth of debt, the centibillionaire announced Friday.

wired.comElon Musk’s xAI Acquires X, Because of CourseSocial platform X struggled after Elon Musk took over, but its fortunes improved dramatically after US President Donald Trump won reelection. Now it will be become part of Musk's AI startup xAI.

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Oh, look, the genius Elon is playing three card monte with his stock. If we had a functioning executive there’d be an investigation. Because no actual financially responsible company would buy Twitter at 33b with 12B in debt.

So he "purchased" a private company not worth 33b with stock in another company that's overvalued to create a new ephemeral market cap based on companies that display short essays, spicy auto correct & copyright infringing photo collages. Cool. I have imaginary objects to sell as well. Any bidders?

$33 billion + $12 billion = $45 billion = exactly $1 billion MORE than he bought Twitter for He takes massive risks & is over leveraged w/Saudi 'bonesaw' Arabia "The deal could also help xAI's ability to train its chatbot known as Grok."...to stop contradicting him. www.reuters.com/markets/deal...

reuters.comMusk's xAI buys social media platform X for $45 billionElon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including debt.

Grift!!!! BOYCOTT TESSLER Boycott x everything BOYCOTT STARLINK Send the Nazi fkucer packing!!! Bye FELICIA NO More Government CONTRACTS America’s # 1 WELFARE KWEEN Peacefully protest ketamines Father of the year

Any twits left on Twitter probably don't care or oblivious to what this means re: shaping your worldview with evil bias; cambridge analytica on steroids. The Tech Monarchy Fascist is making his move to control the people.

Look how easy it was to ID their cult fans from everyone else, including who has moved ti his side and left him? SM platforms are tracking each of us. Why was it necessary to have the young intern nerds/hackers obtain each of our PII Data, no different than a malware attack, but for us to see?

This acquisition for takeover gets approval by the Supreme Court? But any corporations merging to compete against Amazon get turned down for being a monopoly? I knew T's acting script hatred for Jeff Bezos was BS. Do we realize HOW LONG all they are implementing now was planned against us?

For the first time in the 16 years, I’ve been on Twitter my account got hacked. My other account has gotten so many spam followers in the last two or three months. I was only staying on there to say my name, but that’s it for me.

Sought $6 billion in funding in 12/2024 for XAI, $100 million in annual revenue but 3 months later buying X with stock from XAI for $33 billion? When is XAI declaring bankruptcy?

It’s so he can’t use the Gov’t subsidies earmarked for the AI that I’m sure he’ll get and use it whatever way he sees fit- aka jack up the stock prices!! It’s a never ending do-loop of grifting!

He's consolidating his shit investments, distressed assets. Solarcity went into Tesla, now X goes into xAI. Bet he plans to refloat it all under XARP, the asset recovery program administered and backed by the full faith and credit of US DOGE

Anyone who thinks the twitter platform will be any different is delusional- he still owns it, just in a different company. He will never let go of his far-right spokesman platform.

Anyone with a social security #, has filed with the IRS, had a complaint with the Consumer Financial Protection Board, etc are now just training data because Musk illegally downloaded all of it.

Evil Villain elon moved twitter away from Tesla in case it falls below value. Evil e, wearing the vest with a devil head with upside down cross. That is just the start along with how he acts towards people. He could have done something that would have made his family name historic. He is evil born

I don't understand what this means at all. Is it a way to dodge taxes? Prevent bankruptcy? Inflate company valuation? What does it mean, in practical terms, to sell a company to your own company - and to do so with shares rather than cash? Please ELI5, because I'm really confused.

Best guess: transfer the $12B cash from X.ai investors into Twitter. Probably not good for investors, but he owns the board so.. He tried (& failed?) to raise $10B last month. LIkely all to avoid getting margin called on TSLA. He is loading up Twitter with more debt tho, so IDK re: LT viability.

When Musk started X dot com in '99, he wanted it to be an online bank that could replace traditional banks entirely. This was his original vision for what became PayPal but he and Peter Thiel didn't see eye to eye. He still has plans for X (ex twitter) to be a bank replacement.

X is no longer a social media platform. It is an AI training platform. Musk isn't developing X for its users, he is exploiting his users to build a more profitable AI model. Supporting TwitterExodus costs nothing, supporting X costs everything. twitterexodus.org

twitterexodus.orgTwitterExodusA grassroots campaign to grow Bluesky and take down Twitter. Our words, our ideas, and our news should not be controlled by billionaires. No matter your politics, we need a public square that is free....

Haha so he overpaid for his failing company with another failing company … so the government (ie ameircans) can keep bailing him out to keep up the appearance of being the wealthiest guy? In reality he is a bum. And we need to kick his ass out of our lives and our pockets. Stop the Musk steal