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Re:xAI has acquired X, xAI now valued at $80B by rurp on Saturday March 29, 2025 @02:39PM (#43517547)
This makes no sense. The debt payments are larger than the company's entire revenue! The Twitter purchase was a financial boondoggle that Elon is attempting to hide with this latest deal.

If I borrow $4 million to buy a house worth $1 million I could technically say that sans the debt I'm a millionaire, but that's hardly a useful or positive claim.

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