Surely a theoretically disgruntled xAI shareholder is going to have a harder time here since they're both private companies and given Elon's proximity to any potential regulators.
At least in Delaware. I have no idea what corporate law is like in Texas.
How'd that work out in the past with the previous owners?
Long history of not being profitable - 2018 and 2019 feel like more of an anomaly than a trend.
The problem people had understanding them was that they weren’t Facebook or Google. The expectations of a money-printing machine were unrealistic but they had a solid middle-tier business with a large number of solid customers.
https://www.teslarati.com/x-investors-winning-big-elon-musk-...
https://sherwood.news/tech/companies-hoarding-nvidia-gpu-chi...
If anyone makes it work (whatever that means) in software they could buy it?
That's a big if, and I think most people would be pretty skeptical of the possibility of that happening. The fact that outside investors seem to value it at under $10B suggests that's a common enough opinion.
I had an employer taken over by PE and shredded, for the crime of only managing 10% profit margin. Apparently, to some, if 20% of revenue doesn't go into someone's pocket, your business is a corpse. I think the world needs to chuck that attitude in the bin.
Businesses often use an opportunity cost of around 14%, so if the business is earning only 10%, then they are losing 4%.
For example, if you start a risky venture that earns 2%, when you could invest the money safely in bonds at 5%, it doesn't make sense to do the risky venture.
It's not an "attitude", it's maximizing the use of the money.
The US invented flat screen technology. The return on manufacturing didn't fit American business profit levels so they sold the technology off to overseas companies. Tariff's aren't going to fix that. They might artificially boost the return short term, but unless we are going permanent protected markets this sort of low return manufacturing isn't coming back, because of American management style, not 'Canada bad', not 'trade deals bad'. If anything a better cause statement would be to say 'American MBAs bad'.
You need some diversity in a system to remain able to change. Very homogenous populations are more likely to be wiped out in a crisis. Maximal efficiency is not maximal meta-efficiency.
Crush every competitor through regulation?
X is clearly worth a lot more than just it's revenue would indicate.
What is the most influential social media site worth? Perhaps all of the money in the world...
https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:y5xyloy...
Where are the advertising dollars coming from on that horror show
Certainly not $45 BILLION of income over even a century
But you'd have to be on the side of fascists to believe that.
However, secondary markets for these megacorps are relatively liquid, so the valuations are not actually completely baseless.
Nobody does, really. Texas is relatively new to its 'corporate registration friendly' game, and at least on paper the statutory law is the same. Texas courts don't have to follow Delaware's case history, but it's also not a given that they will rule in a vastly more owner-friendly manner.
they know what they buying when elon promotes his lmao, elon twitter deal is backed by saudi. elon himself come to saudi asking for an investment from royal prince saudi
safe to say that if they want spent 40 billion for twitter, they would spent more with AI flavored company (they are saudi after all)