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Re:xAI has acquired X, xAI now valued at $80B by refurb on Saturday March 29, 2025 @09:36AM (#43515428)
Indeed.

Grandparent is not correct, you can’t just assign “whatever” value in self-dealing transactions.

The SEC and IRS weren’t born yesterday. It reminds me of people who come up with basic self-dealing transactions with some tax benefit and act like the idea wasn’t around 100 years ago and that regulations aren’t already in place.

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