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Musk's xAI buys social media platform X for $45 billion

⁨22⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨month⁩ ago⁩ by ⁨neme@lemm.ee⁩ to ⁨technology@lemmy.zip⁩

https://www.reuters.com/markets/deals/musks-xai-buys-social-media-platform-x-45-billion-2025-03-28/

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Comments

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  • reddig33@lemmy.world ⁨1⁩ ⁨month⁩ ago

    With whose money? I didn’t know that xAI was making a profit.

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    • stu42j@lemm.ee ⁨1⁩ ⁨month⁩ ago

      All stock

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  • atrielienz@lemmy.world ⁨1⁩ ⁨month⁩ ago

    You know. This sounds like some shit Terry Pratchett wrote about in “Making Money”. Product is making money hand over fist, but never turns a profit so they sell it to themselves with its own money or something.

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  • lvxferre@mander.xyz ⁨1⁩ ⁨month⁩ ago

    The boat is sinking, so tie it to another boat. Now they can sink together.

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