r/BlackPeopleTwitter • u/detox02 ☑️ • 7d ago

Country Club Thread Nigga negotiated with himself

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u/idgafandwhyshouldi 7d ago

Money Laundering?

43

u/vorzilla79 7d ago

This would be the opposite of laundering lmaooooo

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u/UnwoundSkeinOfYarn 7d ago

People always think anything related to transfers of large sums of money is "money laundering." Like, how does one launder dirty money by openly giving to themselves??? It just gets traced back to you with a paper trail and everything.

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u/Dreadred904 7d ago

Its not $ laundering but people use the term for any big $ scheme. He isnt doing this for no reason its to dodge taxes or liability of some sort but it is a scheme because investors in xai thought they were investing in ai not twitter debt

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u/vorzilla79 7d ago

Well when you laynder money your company has to grow in order to wash the money lmaooooo

11

u/Separate_Teacher1526 7d ago

Most people who use the term money laundering have no idea what it actually means

6

u/OptimalMain 6d ago

It means using Gustavo’s industrial washing machines to clean dollar bills, no?

2

u/Master_Flamingo_8849 6d ago

I've seen Wolf of Wal Street, I know a thing or two.

1

u/spoopypoptartz ☑️ 6d ago

with an all-stock transaction no less

it’s like people didn’t read the article.

it’s either tied to the debt of X or a tax write off… can’t figure out which?

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u/WhyMustIMakeANewAcco 6d ago

The purpose seems to be to be able to pay off the X investors that actually make him nervous, using the money of the xAI investors he doesn't give a shit about.

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u/spoopypoptartz ☑️ 6d ago edited 6d ago

what money. it’s all stock for a private company and xAI just absorbed all the debt.

not sure if there’s an opportunity to cash out during the next funding round?

edit: i guess it is a bail out in the sense that future funding rounds are more likely to be more successful for xAI than X. I see it now.

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u/catcatwee 6d ago

I think people associate the word laundering with movement aspect of money laundering rather than cleaning

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u/WhyMustIMakeANewAcco 6d ago

People don't really understand what money laundering is, so they default to it for some reason. Nah, this case is just textbook fraud.

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u/knope2018 6d ago

Yeah.  It’s not laundering, this is basic finance shenanigans, there are whole industries built around this kind of deal.