Remember when people thought buying Twitter for $44B was overpaying and would certainly lead to financial ruin?

Twitter is worth far less than $44b today
https://finance.yahoo.com/news/x-worth-72-less-44-174932002.html

Now if you're saying he bought it exclusively to get influence in Trump admin so he can be an oligarch in that admin, then yeah, probably worth it [for him].

https://chainleft.art

Dad, data scientist, blockchain native artist.

Power consolidation=evil.

independent company - he could (can) found a company like this regardless of purchasing twitter. for example its current models aren't even trained on Twitter data.

So irrelevant to our conversation :)

He gave X / Twitter shareholders 25% of the company. So quite relevant.

I'm quite close with two of the largest investors (other than Elon) and they are overall happy with the investment. So maybe don't believe everything you read in the media.

OK so shareholders made a rational decision but Musk didn't? Still irrelevant if we're speaking about Musk.

He could've founded xAI regardless, without giving those shares and enjoy the $50b valuation only for himself.

Unless, again, you think that his actions within Twitter helped him to become a more influential oligarch and that's why xAI got that evaluation.