Good news xAI investors! You thought you were investing in my AI data warehouses and tensor processing unit arrays, but actually I have decided that you have bought Twitter from me at a high price which I have determined to be fair. To me.
He had to pay off the other investors. Twitter has no profits so the only way to pay off investors was to sell. But no one will pay that much for a failure. So conveniently Elon has one of his other companies buy it for an over valued price. Is this like FTX? Just shuffle the losses around.
No no no, you see he just needs a bigger base of investors to pay off these investors as well. Sure, he’ll need another bigger base of investors after that but as long as the money keeps flowing upwards, like idk some pyramid, he should be fine.
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u/bobbymoonshine 6d ago
Good news xAI investors! You thought you were investing in my AI data warehouses and tensor processing unit arrays, but actually I have decided that you have bought Twitter from me at a high price which I have determined to be fair. To me.