21 ms·
a.k.a the worst kind of financial engineering. The company is not profitable if it doesn't make a profit when all things are considered. And we're not even ta
by rwmj 2y ago
a.k.a the worst kind of financial engineering. The company is not profitable if it doesn't make a profit when all things are considered.
And we're not even talking about the missed opportunity costs of the ~ $27bn cash used to purchase Twitter. Most of that value is completely gone.
- DoesntMatter22 2y agoIf you were an investor in X and put up some of that $27 billion dollars you now own shares in xAI, so it's not not gone.
- rwmj 2y agoYou can dress it up in "financial alchemy" like any hedge fund, but it doesn't disguise the fact that the last person to carry that can is going to lose a lot of very real money.
- DoesntMatter22 2y agoThat doesn't even make any sense.