The reporting on this is quite worrying I would say. Are all journals catering to Trump and Musk now ?
"A separate report by Bloomberg said X raised nearly $1 billion in new equity from investors – with Musk himself participating in the financing round."
This is the key information - he basically set the price himself for ... himself.
Yeah, I was going to ask whether this was, effectively, a share buy-back or something along those lines. No other explanation makes sense to me, other than some revelation about Grok v3 suddenly greatly outpacing competitors (which I haven't yet been informed about).
It almost feels like some kind of posturing the legitimise the 'slash and burn' of employees that was instigated at Twitter to make the DOGE shambles more palatable. ie:
"See, it all came back to the same value even after cutting 80% of the workforce. We're back to where we were beforehand. It's fine. This is fine."
Edited to add: there appears to be a brigading going on in the comments, unless it's just an indicator of NY Posts readership - I'm out of my element there.
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[ 3.3 ms ] story [ 19.2 ms ] thread"A separate report by Bloomberg said X raised nearly $1 billion in new equity from investors – with Musk himself participating in the financing round."
This is the key information - he basically set the price himself for ... himself.
It almost feels like some kind of posturing the legitimise the 'slash and burn' of employees that was instigated at Twitter to make the DOGE shambles more palatable. ie:
"See, it all came back to the same value even after cutting 80% of the workforce. We're back to where we were beforehand. It's fine. This is fine."
Edited to add: there appears to be a brigading going on in the comments, unless it's just an indicator of NY Posts readership - I'm out of my element there.