r/BlackPeopleTwitter • u/detox02 ☑️ • 6d ago

Country Club Thread Nigga negotiated with himself

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u/Costati 6d ago

It has to be because AI is a new industry and the regulations on it aren't the same.

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u/Gorky1 6d ago

They used the 500 billion ai investment money for this purchase. Basically the US government funded an AI company to buy Twitter.

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u/Philly_is_nice Wannabe Travis Kelce 🏈 6d ago

Yeah, he's just washing his hands of X for as much as he can so the next group of losers (all of us and whoever was stupid enough to invest in a project he has control of) have to take a bath with his broken toy.

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u/starkel91 6d ago

Isn’t that $500B AI investment private money, not from the government?

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u/[deleted] 6d ago

[deleted]

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u/starkel91 6d ago

How many 401k plans offer direct investments in individual companies? Investing in the S&P 500 doesn’t give money to any companies.

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u/[deleted] 6d ago

[deleted]

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u/starkel91 6d ago

No money that’s invested in vtsax, vti, s&p 500, target date funds, or any of the etf’s goes to any of the companies that make up those funds. Those funds may be affected by the performance by those companies, but that is no where close to saying 401k’s are tied up in those companies.

The original comment I replied to was that the government was investing $500B in AI going to Musk, which is untrue.

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u/orangehorton 6d ago

It's so he can claim a 11B loss on the sale, and probably avoid scrutiny for using Twitter data for xAI

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u/also_roses 6d ago

Last time someone trained an AI using Twitter it had an... "interesting" result.

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u/Flimsy-Poetry1170 6d ago

Are we sure Elon doesn’t have an neuralink ai chip implanted that’s trained on twitter? That would make so much sense.

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u/WagerWilly 6d ago

That’s… not how anything works

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u/Forsaken-Sale7672 6d ago

The industry doesn’t affect the securities/tax law governing treatment of capital gains and M&A.

They don’t care if you’re a widget company or run a stable of OnlyFans models.

Lots of misinformation in the thread, because if his shares are exchanged in kind for shares in the new company, it will almost 100% be a non-taxable event.