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Nonilex

Guess we know why the was ordered to allow into their offices now.

's buys platform for $45B ENTIRELY WITH STOCK

said on Friday that his xAl has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including debt.


reuters.com/markets/deals/musk

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Nonilex

This is trying to prevent his / investors from losing money.

Nonilex

And round & round we go

must face ’ lawsuit over alleged

A proposed class-action lawsuit against and his family office can proceed in federal court, a judge ruled Friday, after the centi-billionaire sought to have the case dismissed.

The case is Rasella v. Musk (Case No. 1:22-cv-03026-ALC-GWG) in the SDNY.

courtlistener.com/docket/63230


cnbc.com/2025/03/28/elon-musk-

Mar 29, 2025, 04:38 AM·Public·Mastodon for iOS
18boosts·17favorites
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Nonilex

On the purchase of ()

Because both companies are privately held & controlled by , the transaction likely amounts to a swap, with X investors getting paid out in xAI shares. The companies have a number of mutual investors, including venture firms & , as well as Management, & ’s Kingdom Holding Co.


cnbc.com/2025/03/28/elon-musk-

CNBCElon Musk says xAI has acquired X in deal that values social media site at $33 billionIn a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.
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Nonilex

Best explanation of the bought w/borrowed money using his stock, now it’s got all this debt because he destroyed Twitter / , so he bought it again with his company shell game:

barrons.com/articles/xai-buys-

#sketchy#billionaire#finance
Quiet public
FS4C

@Nonilex berluscony market style ?
onionland ?

onioncola?

haaaaaaaaaaaaallllooooooooo?

Quiet public
Nonilex

@fs4c

I was thinking more like musical chairs, but the shareholders & users are the ones who keep losing their seats, cuz the game is rigged, obviously.

Quiet public
FS4C

@Nonilex who choose a comfy chair, instead, of working 4 the 4 freedom chair... who cares.

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:ruby: a HOT Rubie :ruby:

@Nonilex This seems a lot like cheque kiting but done with stock shares.

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Greg Burns

@Nonilex the biggest Ponzi scheme ever!

Quiet public
Phil Thane ✅

@Nonilex
When all this unwinds he's going to be a one-man Wall Street crash.
@dwasmkuk

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huntingdon

@Nonilex

As Trump knows well, using a privately owned business is a great way to avoid disclosing who's backing you and how well you're actually running it.

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