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Even if he made the Twitter investors whole, I wonder how the investors in xAI feel.
by echelon 2y ago
Even if he made the Twitter investors whole, I wonder how the investors in xAI feel.
- chrisco255 2y agoThey're mostly the same investors.
- johannes1234321 2y agoThey just wait for the next round of this. Maybe SpaceX will require more AI? Or Tesla?
- onlyrealcuzzo 2y agoThey feel great, because he just magically turned a ~50% loss in Twitter into a ~50% return in xAI and a ~0% loss in Twitter. Of course, you can't buy $20B worth of mangoes for $40B worth of Mango Holding Company stock and then suddenly make your mango-holding business worth twice as much money. But you can pretend! Private valuations, especially VC-funded companies, have been nonsense for decades. Elon is just exploiting that egregiously.