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> > Musk saw it coming with Twatter > And although it's been turned private and delisted, it's estimated to be worth just a fraction of what he paid for it. I
by lesuorac 1y ago
> > Musk saw it coming with Twatter
> And although it's been turned private and delisted, it's estimated to be worth just a fraction of what he paid for it.
I'd just stick with "he tried to back out of it and had to be sued to buy it" as evidence that musk didn't forsee anything. It is a bit (darkly) amusing that the document required him to buy the company buy not pay the severance listed in it when firing people.
Although if Grok was a standalone company I think it's hard to argue it'd valued less than 44 billion so Musk really lucked into a great deal. He also really lucked into Biden not stepping down earlier so the Democrats would run an actual competitive primary.
- dieortin 1y agoGrok is from xAI, a company he separately funded. It wasn’t part of the acquisition of Twitter.
- lesuorac 1y ago> [1] xAI was founded by Musk on March 9, 2023 > [2] Elon Musk completed the acquisition of Twitter in October 2022 xAI would've just been an AI division of Twitter if Musk wasn't worried that Twitter was going to go bankrupt and take the company (xAI) with it (Twitter). It's extremely suspicious that Grok was available to paying X subscribers and not some other arrangement. "Separately" funded is pretty thin. It's the same group of people funding xAI [3] as Twitter acquisition [4]. [1]: https://en.wikipedia.org/wiki/XAI_(company) https://en.wikipedia.org/wiki/XAI_(company) [2]: https://en.wikipedia.org/wiki/Twitter#2022%E2%80%93present https://en.wikipedia.org/wiki/Twitter#2022%E2%80%93present [3]: https://en.wikipedia.org/wiki/XAI_(company)#Financial_history https://en.wikipedia.org/wiki/XAI_(company)#Financial_histor... [4]: https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk#Acquisition_announcement https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon...