xAI has acquired X, xAI now valued at $80B

Re:xAI has acquired X, xAI now valued at $80B by nout on Friday March 28, 2025 @10:16PM (#43512139)

All money is made up. The banks literally "lend" money into existence without having it backed by anything, the banks don't need to have the money in the first place, the bank reserve requirement has been dropped to 0% in 2020.

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Re:xAI has acquired X, xAI now valued at $80B by longdustytrail on Friday March 28, 2025 @10:30PM (#43512203)

It’s true that all money is made up, but not in the same sense OP means.

Like I could give you 20 dollars and it’s made up in a sense, it’s just a piece of paper, but also you can go to the store and buy things with it.

Whereas if you’re an investor in a company and the CEO does some self dealing which nominally values your shares at 20 million, you can’t go spend that. It’s even more made up

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Re:xAI has acquired X, xAI now valued at $80B by janejeon on Saturday March 29, 2025 @09:03AM (#43515200)

Or, an (over)simplified way to put it:

"All money is made up, but some are more made up than others."

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