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[XXL]

Value of Elon Musk’s X ‘rebounds to $44bn purchase price’

Dramatic reversal of fortune for platform since billionaire owner became key ally of Donald Trump

www.theguardian.com

The value of Elon Musk’s social media platform, X, has reportedly soared back to the $44bn he paid for it, in a dramatic reversal of fortunes since the billionaire became a key ally of Donald Trump.

Institutions that provided loans to help fund Musk’s X takeover also received a boost after Musk gave a 25% stake in his artificial intelligence start-up, xAI, to them early last year.

Revenues at the social media platform have fallen since Musk’s takeover but it posted adjusted profits of $1.2bn last year.

 

[HRK69]

That GIF of him 'smoking' weed is so dumb

 

[N0S]

 

[XXL]

That GIF of him 'smoking' weed is so dumb

I've changed it for you.

 

[HRK69]

I've changed it for you.

My work here is done

 

[TheChadOfGaming]

This news just caused two more telsa dealerships to be attacked

 

[Kacho]

This news just caused two more telsa dealerships to be attacked

It's for a good cause!

 

[XXL]

This news just caused two more telsa dealerships to be attacked

DomesticTerrorismGAF rn

 

[JimmyRustler]

So the outrage mob was wrong… again. What a surprise.

 

[Kacho]

Didn't we have a mega thread about Twitter failing? Did a search and couldn't find it.

 

[Punished Miku]

The value of Elon Musk’s social media platform, X, has reportedly soared back to the $44bn he paid for it, in a dramatic reversal of fortunes since the billionaire became a key ally of Donald Trump.

He did indeed buy a seat above the cabinet, above the Vice President, and seemingly above the president himself - acting as an unelected dictator. Nothing to do with the fundamentals of the business changing, or the advertising, but them expecting special treatment from the government since he now runs it. Same reason for the large Tesla jump. It's basically Wallstreet betting that we're in an oligarchy moving towards a tech feudal society. Pretty good bet all things considered.

 

[XXL]

Didn't we have a mega thread about Twitter failing? Did a search and couldn't find it.

There is this.

https://www.neogaf.com/threads/x-twitter-is-now-worth-9-4-billion.1675678/

Which is hilarious now in retrospect.

 

[DrFigs]

Wow incredible that investors have valued it at the exact price he originally bought it at.

 

[Kacho]

There is this.

https://www.neogaf.com/threads/x-twitter-is-now-worth-9-4-billion.1675678/

Which is hilarious now in retrospect.

Thanks, brudda

 

[Gp1]

 

[XXL]

 

[Hudo]

That says more about how utterly fucking broken and retarded the stock market is than it says about the state of Twitter, tbh.

 

[XXL]

acting as an unelected

 

[Punished Miku]

I didn't vote for her and it has nothing to do with this thread. Left vs. Right brainrot is all you post.

 

[poppabk]

There is this.

https://www.neogaf.com/threads/x-twitter-is-now-worth-9-4-billion.1675678/

Which is hilarious now in retrospect.

I mean they are both based on valuations by banks, not the stock market.

 

[XXL]

I didn't vote for her and it has nothing to do with this thread. Left vs. Right brainrot is all you post.

What you posted.

He did indeed buy a seat above the cabinet, above the Vice President, and seemingly above the president himself - acting as an unelected dictator. Nothing to do with the fundamentals of the business changing, or the advertising, but them expecting special treatment from the government since he now runs it. Same reason for the large Tesla jump. It's basically Wallstreet betting that we're in an oligarchy moving towards a tech feudal society. Pretty good bet all things considered.

I didn't mention anything regarding that....at all. I responded to you.

Again, Stop spreading misinformation.

It's pretty much all you do.

 

[DrFigs]

Elon Musk invested US$150 million to acquire more shares in X last year at a valuation approaching the price he paid for the company’s equity in 2022.

Kingdom stated that the majority shareholder of “a privately held social media services company” recently invested at a transaction price equal to the carrying value of the investment on Kingdom’s balance sheet. As of Dec. 31, the firm valued its investment in X at 985 million riyals (US$262.7 million), implying a net valuation for all of X of about US$29.2 billion — close to what Musk and other investors paid for Twitter’s equity in October 2022.

Elon Musk has been buying up X shares near his initial purchase price

Elon Musk invested US$150 million to acquire X shares last year at a valuation near what he paid for the company’s equity in 2022. Read on

financialpost.com

Found another source for this story. Am I understanding correctly, that Elon Musk himself bought shares in the company at a price close to what he paid in 2022? And that this is the reason the company is now back to its 44 billion dollar valuation?

If I was a cynical person, I’d say this is a planted story meant to put Elon in a positive light.

 

[Trunx81]

In before this thread has decided to become politics or Tesla bashing.

I like x. It’s so bad.

 

[Cyberpunkd]

Value of Elon Musk’s X ‘rebounds to $44bn purchase price’

Dramatic reversal of fortune for platform since billionaire owner became key ally of Donald Trump

www.theguardian.com

Too bad he lost $121 billion of his wealth due to Tesla. Only $80 billion to go to break even!

 

[near]

Did Elon also buy Off-Topic? Gaah damn, a new thread every other day for this man, if it's not something to do Tesla, SpaceX, or X it's -insert Elon smoking gif-.

 

[Punished Miku]

What you posted.


I didn't mention anything regarding that....at all. I responded to you.

Again, Stop spreading misinformation.

It's pretty much all you do.

I'll stop when they ban me. If you want to post a Elon dickriding thread twice a day, expect people to post their own opinion on it. We're not an echo chamber here.

 

[Kacho]

 

[a'la mode]

That says more about how utterly fucking broken and retarded the stock market is than it says about the state of Twitter, tbh.

This thread is a celebration of ignorance - tell me you don't understand valuation without telling me you don't understand valuation.

Oh and the $1.2 bn adjusted earnings? X has to pay just as much if not more in interest for loans, so it made nothing.

Did Elon also buy Off-Topic? Gaah damn, a new thread every other day for this man, if it's not something to do Tesla, SpaceX, or X it's -insert Elon smoking gif-.

Tesla/Musk bots trying hard to get Elon-senpai to notice them, maybe he'll give them a baby too!

 

[delirium trigger]

Surely Reddit will stop the madness.

 

[Ass of Can Whooping]

That's a lot of money he can support putin with. Happy for him.

 

[AJUMP23]

That's a lot of money he can support putin with. Happy for him.

 

[Kacho]

grok3 is the bomb btw. signed up for premium so I can use it without limits.

 

[JimmyRustler]

Too bad he lost $121 billion of his wealth due to Tesla. Only $80 billion to go to break even!

Telsa stock will bounce back as well and you know it.

 

[XXL]

Too bad he lost $121 billion of his wealth due to Tesla. Only $80 billion to go to break even!

Tesla is up 37% YOY.

 

[YCoCg]

XXL Please tell me your have shares in Musks' products or something

 

[IntentionalPun]

What does the Financial Times report actually say in its details?

 

[N0S]

 

[IntentionalPun]

grok3 is the bomb btw. signed up for premium so I can use it without limits.

Grok is owned by a separate company:

X the company benefits though.

 

[The Pleasure]

My work here is done

Is that the person who sold me Cyberpunk?

 

[Bojji]

XXL Please tell me your have shares in Musks' products or something

 

[Chittagong]

 

[Kacho]

Grok is owned by a separate company:

X the company benefits though.

Having it embedded into X gives the platform more value. It’s a nice value add to something I’m already using.

 

[LiquidMetal14]

good

he is teh teh teh man

 

[XXL]

So let me get this straight.

I'm a black Nazi supporter who is in love with a Japanese company?

Makes sense.

 

[Bojji]

So let me get this straight.

I'm a black Nazi supporter who is in love with a Japanese company?

Makes sense.

Life is full of surprises

 

[Dr.Guru of Peru]

So basically Elon Musk bought a small portion of shares back at an inflated valuation to generate some positive headlines? What a boss.

 

[XXL]

Life is full of surprises

Jewish Tesla owner 'speechless' after finding Nazi symbol on his Cybertruck

MSN

I think we found him. Lol.

Aren't you from Poland?

Calling me a Nazi supporter

 

[IntentionalPun]

So basically Elon Musk bought a small portion of shares back at an inflated valuation to generate some positive headlines? What a boss.

Is that what the Financial Times article that is like 100% paywalled says?

The article in OP barely says shit.

 

[DrFigs]

Is that what the Financial Times article that is like 100% paywalled says?

The article in OP barely says shit.

It seems that a group of investors, which includes Musk himself have been buying shares in Twitter at a price close to what it was when he bought it. Details are vague. But this seems to be the reason why the value is back up. Only reason I find it sussy is that Musk himself is involved in this, and that there are many reasons why investors might be overpaying for Twitter equity.

 

[Cyberpunkd]

Telsa stock will bounce back as well and you know it.

I wouldn’t be so sure. Tesla has larger problem than Musk - they are losing in China which is a key market ; Chinese companies are also expanding worldwide with very good prices (illegal due to government subsidies, but I don’t think clients care much) ; till Musk heads Tesla attitudes in Europe won’t change ; a lot of cash bonuses for ecological transition either expired or will expire soon without new ones in place.