Post

Wait a minute. an all stock transaction. that means he took out $44 billion of loans, got to personally cash out $33 billion of it, and this new startup is now on the hook for the other 11 billion?

🐂💩 #elon

Awesome graphic. Very inventive.

🎯

Enron Musk

iirc he offloaded huge part of it in the form of debt onto twitter itself which he now sold to himself and cashed out $33bi so it sounds like he is somewhat good at the business of making himself richer

ya win some ya lose some, he needs to lose a lot more money to be broke, a lot more

LMAO

Enron level funny business

What a fraud 🤣

Who the f decided that X is worth 33B?! That is insane.

Who is the mother of xAI?

This effectively looks like a stealth bailout for Twitter using outside investor money as there will presumably now be a massive fundraise attempt for xAI on the back of this. It's like his own personal AOL buying out his own sinking Time Warner

Lol there’s no way this is legal

hahahahahahahahahah