Dan Romero
@dwr.eth
Remember when people thought buying Twitter for $44B was overpaying and would certainly lead to financial ruin?
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Chainleft
@chainleft
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].
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Dan Romero
@dwr.eth
You forgot to include xAI :)
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Chainleft
@chainleft
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 :)
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Dan Romero
@dwr.eth
He gave X / Twitter shareholders 25% of the company. So quite relevant.
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Chainleft
@chainleft
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.
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Dan Romero
@dwr.eth
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.
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jay
@j8y
Cabal talk🗣️
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