X sold — to Elon Musk's AI company.

X is sold. But Musk is still in control.

Is like a meme.
By  on 
Elon Musk sold X to another one of his companies. Credit: Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images

Comments

  1. The second paragraph debt stated as $12 million requires amendment to $12 billion

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  2. It's all a financial shell game for these rich sociopaths. Buy and sell through countless LLCs and shell companies to shuffle assets around so you can have "losses" to avoid paying taxes or shuffle debt around so you can use bankruptcy to avoid paying off your debt.

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    Replies
    1. lol that’s not quite how it works. Often times you do it to buy other owners out, or you have another company that is growing very large and you want to consolidate. I sold my company to one of my other companies last year just because the accounting was a pain in the ass and I didn’t want to have to oversee two boards. You also have to answer two regulatory entities two times over and pay massive fees two times over. 

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    2. This is not about some shell game to not pay taxes. This allows his AI program to have access to ALL the personal data and post data that Twitter has about users. This is scary stuff. Fortunately, I never made a Twitter post. I did make an account though, I would like to see if I can eliminate data associated with that account, but one’s personal data is never really eliminated if he wants to own said data.

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    3. Musk wealth is 95% tesla. He owes about $1trillion to your banks. He is hoping gullible fools buy his stock so he can sell at a higher price to pay off his loans. Think some banks game him to much money. A big crunch is coming and some banks may go bankrupt in the process. Another Lehmann brothers forming. No lessons learnt from the GFC it woud seem.

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    4. yep,that is all it is. Trick of trade.

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    5. The endless merry-go-round 'scratch my back' corruption.

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    6. Absolutely 💯 correct

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    7. I’m sure if you were a multi-billionaire, you’d selflessly shed billions of your own fortune for the benefit of the tax man. Or maybe you’d do EXACTLY what Elon has just done with X, like millions of successful people who use the system to their advantage do all the time. Sounds like you have sour grapes that you don’t possess the drive or sacrifice required to get to a similar position.

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    8. ....everyone does it.....and people say he's not smart. LOL

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    9. it’s called consolidation. You clearly don’t own multiple companies.

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    10. neither does he. The banks own those companies.

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    11. What? xAi is a shell company LMFAO

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    12. it’s Trumps signature move….

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    13. That’s not what he’s doing but whatever. Let’s just say there was an ounce of truth to it in Elon’s case. So you’re mad at him for doing this and not mad at Congress or the IRS for not changing the tax code? Got it.

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    14. he financed it with Tesla stock and it’s tanking. I guess the banks forced him to.

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    15. I suspect t this has to do with defending his leveraged buyout of X using Tesla stock as collateral, but of course don’t know for sure

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    16. it's brilliant. I work for men that do this. I've been advised to do this, and may.

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    17. telsa had substantial amount of missing money has it been secretly siphoned

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    18. so a bank couldn't trust if he c uses SpaceX for collateral. I'm sure they'll go for it. He's in no crisis.

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    19. you are mad at the wrong people!! They are just doing what the law allows! You can do the same thing if you were smart enough to do it

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    20. exactly ! He found a way to launder money btwn 2 companies HE owns..

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    21. Tell us you’re clueless without telling us you’re clueless

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    22. except he's not a sociopath. When's the last time you actually listened to him explain whats going on? I don't mean MSNBC?

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    23. Except when is the last time anyone cared about what a Ketamine abuser has to say about anything.

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    24. you took the words right out of my mouth.

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    25. Musk payed 11BILLION in taxes last year

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    26. you don't have to be rich to use loopholes. Change the laws.

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    27. it’s almost like he used one credit card to pay off another one. 🤔

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    28. yes, except that it’s absolutely nothing like that at all 🙄

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    29. yup and he’s in control of our country! Scary and has to change!!

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    30. who is the sociopath exactly? Do you know what that word means?🤦🤣

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    31. that’s a fact!

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    32. but they complain about student loan debt getting forgiven

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    33. robbing Paul to pay Peter

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    34. waste&fraud at its best.

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    35. Hello can you text me private message dear

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  3. What’s really going on with Musk selling X to xAI? Here’s what it looks like:
    1. Musk’s Tesla Stock Loans:
    Back in 2022, Elon borrowed billions to buy Twitter, using his Tesla shares as collateral. If Tesla’s stock price crashes, banks can call in those loans — forcing him to sell Tesla shares, which could trigger a full-on collapse of his wealth.
    2. X (Twitter) was bleeding money:
    X hasn’t been profitable. Those debts weren’t going away. So now he’s shifted ownership of X to his AI company, xAI, possibly to:

    • Move the debt around.
    • Refinance it under a new, shinier company.
    • Wrap Twitter’s data & user base into the AI hype bubble, so he can raise fresh money.

    3. Preparing for Tesla Trouble:
    Tesla is facing real headwinds:

    • The EV market is slowing.
    • Competition in China is brutal.
    • Tesla’s profit margins are shrinking.
    If Tesla stock tanks, the whole house of cards (his loans, X, even xAI) could come crashing down. This move looks like Musk playing defense early.

    But here’s the shady part:
    Normally, banks would NEVER allow a borrower to shift assets like this. These loans have strict rules — you can’t just move collateral or ownership without lender approval.

    But Musk is playing by different rules:
    He has the banks by the throat because:
    • He’s politically connected, with friends in high places and influence over regulators and judges.
    • He has an army of cult followers ready to defend him at all costs.
    • No bank wants to be the one to trigger a financial crisis tied to “the world’s richest man.”

    So he’s pulling a billionaire shell game right in front of everyone — moving assets, stacking risk, protecting himself — and the banks, regulators, and investors are too scared to stop him.

    If this goes sideways, regular investors and lenders will be the ones left holding the bag.

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    Replies
    1. You're making it more complicated. It's simple: He sold Twitter to himself. No money has changed hands, no property has changed hands. It's functionally, practically, literally, and legally no different from doing nothing at all.

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    2. You're making it more complicated. It's simple: He sold Twitter to himself. No money has changed hands, no property has changed hands. It's functionally, practically, literally, and legally no different from doing nothing at all.

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    3. So he buys stocks with Xai stocks that haven’t been valued yet buying X that’s just conveniently just been revalued at $44b last week despite not having more users or making money. He’s not created a fake valuation on Xai so the banks that loaned him the $12b to buy Twitter have a harder time getting that back if he gets a margin call when Tesla stocks crash.
      Ok then!

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    4. ohh yeah but he now has a load of judges in his pocket and a president as his best matey. Leave it, I don’t have time for people that enjoy billionaires committing fraud in front of their face and out here defending it.

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    5. what would you do if you were in his position? I’m curious what the morally correct answer is?

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    6. you can bet your sweet bippy it is something nefarious👿

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    7. he’s a genius, that’s what’s going on

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    8. you think that’s great? 😂😂😂😂😂

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    9. why do you keep calling him a genius he has an average IQ and two bachelor's degrees, he's not a businessman he's an investor or launderer. His money came from his family's Emerald mines, he is not a self-made man and his first business venture friend was the engineer and his brother ran the business Mommy and Daddy just gave him money to invest.

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    10. well what I learned with this cult they will even sacrifice their family, they're only loyalty is to their Lord and savior Sleepy D

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  4. Musk wealth is 95% tesla. He owes about $1trillion to your banks. He is hoping gullible fools buy his stock so he can sell at a higher price to pay off his loans. Think some banks game him to much money. A big crunch is coming and some banks may go bankrupt in the process. Another Lehmann brothers forming. No lessons learnt from the GFC it woud seem.

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    Replies
    1. xAI and X are both privately held 100% in Elon's name, so unless he does an IPO of xAI he has no stock to sell. And given his propensity for recklessness he can't risk being accountable to shareholders for what is a giant money pit that will never turn a profit.

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    2. actually the first sentence is wrong. If it was SpaceX couldn't be funded.

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    3. he only holds 25% of Tesla stock. He doesn't Own Tesla.

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    4. recklessness? You wish you be as reckless as him.

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    5. been participating in tesla stocks since 2020. Even if the whole stock disappeared today I would only lose about 10% of my total profits off tesla.

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  5. Musk owes more to the banks which is why he's hoping it will get people buying the stock so he can sell to pay off all his massive bank loans which are over $1trillion.

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    1. Elon doesn't believe in publicly traded companies because then he has to be held accountable to shareholders and has to actually try to turn a profit

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    2. There's no stock. xAI and X are both privately held 100% by Elon.

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    3. but the loans used to buy Twitter are backed by stock for Tesla...

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    4. yes and are in no danger of being called away or defaulted on.

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    5. Bull. You are a bot! Nothing on your page.

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  6. Sold it to himself, now ge can probably get more US funding

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  7. Was this another shell game? Some weird transfer to change some debt leverage from Tesla? There's always something fishy.

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    1. https://giphy.com/gifs/cbc-funny-comedy-5t0xKpewtlRTvWgv64

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    2. if it smells like a fish...

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  8. is this how he avoids the debts being called in when Tesla stock bombed?

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  9. all a shell game to transfer debt and revaluation for leveraging.

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    Replies
    1. plus to “hide” it from the lenders when he loses the collateral on his Twitter loan

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  10. It's all a financial shell game for these rich sociopaths. Buy and sell through countless LLCs and shell companies to shuffle assets around so you can have "losses" to avoid paying taxes or shuffle debt around so you can use bankruptcy to avoid paying off your debt.

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  11. Shell game con in action.

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  12. Can you say tax evasion??? I knew you could.

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  13. Musk could of just changed the name of X to AI X ?
    But no, he weasels out some shady deal to buy the company from himself?
    Ok he deserves this rhyme:
    ELON DUMPTY SAT ON THE WALL, ELON DUMPTY HAD A GREAT FALL.
    ALL YRUMPS HORSES AND ALL YRUMPS MEN COULD NOT PUT ELON TOGETHER AGAIN!

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  14. He sold it to himself for $11 billion less than he paid for it. I smell a tax write off...

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  15. Comment: It's all a financial shell game for these rich sociopaths. Buy and sell through countless LLCs and shell companies to shuffle assets around so you can have "losses" to avoid paying taxes or shuffle debt around so you can use bankruptcy to avoid paying off your debt.

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  16. Please deactivate your X account if you haven't already.

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    Replies
    1. Shifting money so the creditors don’t repossess everything he worked his way into…also called money and securities laundering

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  17. The F’elon still has his fingers in it…BOYCOTT IT

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  18. I apparently didnt fuck Banksy.
    CIA

    We Remembrance.

    No, i'll Write six Things.
    - Gasolina/Complextion?

    Ill writer youA LuuvZzztoey...

    What If He Was Like Simon?

    Then, Camilla vil forvalte dét. Og Statsministeren vil Sælge det.
    Djæ.

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  19. 🙌KARMA;
    It's often understood as the principle of cause and effect, where actions have consequences, both positive and negative.

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  20. WITH MUSK RUNING IT WON'T B LONG BEFORE ITS A DISASTER LIKE HE HAS NO DECK OF CARD'S TO PLAY WITH AS WHITE'S BIBLIOGRAPHY BORN AGAIN CHRISTIAN'S JEWISH ANTI-GOD 10 COMMANDMENTS
    HELL KING JAMES NEW VERSION TESTAMENTARY GOD AS MANIFEST IDOLATRY Politicians PREACHER'S JUDGESHIP TRUMPISM ELON M VP.V. ISERAL SATANISM MENTALITY HUMANS SLAVERY INDUSTRY TRADE WAR'S LIKE PUTIN'S RUSSIA ALL MAKEUP 3RD.WORLD NATION'S REVELATION GLOBALLY BOMBING CAMPAIGN'S HELL FIRE'S ENVIRONMENTS GENOCIDES FINAL CHAPTER.

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  21. Please boycott everything elon musk is in.

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  22. To get out from under Tesla losses and billions in debt, Musk bought one of his companies with another. Presumably, he's hoping this raises their value. It's illegal, but he's got powerful connections, and banks could collapse if he defaults. The move could also make it harder to trace any possible fraud.

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  23. This makes sense to y'all ig

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  24. The blind leading the blind.

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  25. It’s nothing more than a shell game…

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  26. A difference without distinction.

    From the article: In announcing the sale, Musk claimed X has 600 million "active users." He didn't say "monthly active users," which experts believe to be almost half that number.

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  27. If you haven’t left Twitter/ X yet you should now.

    In related news I’d like to leave Facebook I just haven’t been ready yet. Let me know if you’re in a similar boat.

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    1. I'm trying to spend more time on bluesky but am not comfortable enough yet to leave facebook.

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    2. same. I’m not finding other apps with the groups Facebook has. Reddit has some but not all.

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    3. My thoughts are that his AI company, full of laundered money (and/or our money!) purchased X's debt as well.
      He never paid a big part of the debt he owed to purchase X.
      And X was failing, hardly any legitimate advertisers. Now, the debt is gone.

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    4. oh 100% I agree he did that for legal reasons and to get out from under the loans.

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  28. And is 12 billion in dept.

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    Replies
    1. He sold it to himself for more than it was worth. How is that even possible?

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  29. And this is the manipulation he is going to play with our government. I don't like it at all

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  30. Moving assets around, that’s what tax cheats do.

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  31. It's a shell game, HE used Tesla stock collateral to buy Twitter, bank was calling NOTE

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  32. He sold it to himself to siphon cash out of xAI and into his pocket.

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  33. Never used it, never will. Got it “axed” from my phone a long time ago.

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  34. He sold it as a loss for a write off to himself to train his AI on the users data, i’m sure if I was a x user I’d be quite upset knowing my data is now being used to train Elon Musk‘s AI 

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    1. We all updated our settings for Facebook and did our best to protect our data but it was a matter of time for Zuckerberg to get it all. I just don’t want musk to get it so easily and if you want violation of privacy, go check out Pokémon go, it used its users to map out locations 

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    2. I got off Twitter the minute he bought it. Hope you've discovered Bluesky

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    3. oh no. Imagine a social media platform that spies on you and what you post. Imagine it looking at your private data to target ads for you. Imagine it turning into Facebook

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    4. Came here to say this. 100% your data will now be used to train the AI. The Terms of Service has more than likely been updated already.

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    5. you do know Facebook is using yours to do.the same thing Lol

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  35. It's just an app. You only give it power if you use it. 🤷‍♀️

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  36. Musk is definitely not in control…of his whining and crying😢

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  37. He's trying to protect himself from lawsuits.

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  38. money laundering is punishable by jail time. UNLESS you’re working for the government. 😉🙄

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  39. Wasn't X bought from money loaned against his Tesla shares that are now tanking? - Seems a bit suspicious to me.

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    Replies
    1. like Nancy Pelosi insider trading suspicious or cocaine in the White House suspicious? Tell us what sent that moral compass spinning…

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    2. And the excuse here folks is "Whataboutery" absolutely pathetic 🙄

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  40. Never using X. Musk is a loser.

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  41. “Control” - Tesla will take him down…

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    Replies
    1. did you "GET DOWN" for Biden?

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  42. this is bullcrap illegal... I hope there are lawyers strong enough to take this case on

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  43. Only in America. Home of the cocaine cowboys !!

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  44. Money laundering for sure. Something is definitely off.

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    Replies
    1. not a money laundering for sure 😃.

      If you know about tax games ,you won't be a Total looser in your business

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    2. not a money laundering for sure 😃.

      If you know about tax games ,you won't be a Total looser in your business

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    3. So they can still sell even if they are called X. It feels like the convenience store has been directly upgraded to an AI research institute. The boss is still the boss, but the seller has been replaced by a robot 😂

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    4. and note the now total lack of privacy - all your tweets are read by AI. So much easier to track down every dissenting person, their habits and preferences etc. Surreal

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    5. Yes "FREE SPEECH fELON " lol

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  45. Elon is still causing problems and sticking his nose where it doesn’t belong. It appears he’s not getting the message-

    Continue the pressure... with Elon recently buying X from himself, let's bring that platform down.

    if anyone STILL (??) has a twitter/x account, CLOSE IT TODAY!

    There are alternative sites: Mastodon, Bluesky, Threads, and Hive Social. There is NO excuse for keeping your X account… your followers will refollow you on your new chosen platform.

    Pass the word

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  46. Public money laundering. Nice.

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  47. Government and tech industry are now tools of each other. Democracy didn’t disappear, it just became irrelevant.

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  48. Called money laundering

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  49. He’s a court jester at this point

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  50. He sold it to himself!!

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  51. Apparently the majority members are bots. 🤖

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  52. Selling things to urself and loaning money to yourself has been practiced by all rich people. Our laws are broken. They allow for such practices.

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  53. Who's the fraudster.... not the people complaining if they don't get their Social Security checks when Elon Musk gets the government to stop issuing payments on Social Security.

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  54. Isn't this classed as inside trading? which I'm pretty sure is a federal offence

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    Replies
    1. Both X and xAI are private companies. Insider trading is a federal offense only for publicly traded securities.

      BUT, that doesn't mean it can't be a different kind of crime. The SEC is currently sung Musk for securities fraud in connection with the purchase of Twitter.

      Also, in January, Musk sought a round of investments in X. At that time, he set the valuation at $44 billion. In March, it's $33 billion.

      Those investors could, conceivably, claim that their investment was induced by deliberately false representatives. That Musk knew the value of the company was going to drop, or had already dropped, and he was misrepresenting it in order to get their investment.

      So there is certainly reason to investigate the machinations around this transaction.

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  55. Money laundering, what's he hiding?

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  56. sleight of hand-action

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  57. Just moving it from one shitter to another! Stench is real.

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  58. i was thinking of selling my house to my car

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    1. How do you improve your car’s credit rating? My car has been irresponsible with it’s spending. BTW I loved your post.

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  59. So, X was in debt, xAI buys X for an amount that the owner of X says it is worth and as if by magic that debt is gone? Gotta live creative finance.

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  60. He has child support to pay. Leave him alone. Hubris will be his undoing eventually.

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  61. Laundering his money, avoiding taxes

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  62. Sold from a slimy businessman to a slimy businessman! ❤

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  63. Shell games never end...

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  64. Musk committed money laundering with the buy.

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  65. Found a loophole somewhere lol

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  66. He basically sold it to himself. I wonder if that helps avoid having it seized by those he borrowed from

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  67. More shenanigans from the master of fraud

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  68. 😹😹😹😹

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  69. Not a fan of X and never subscribed....just don't trust MUSK any more!

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  70. https://media1.tenor.co/m/JPYX7CsbGFkAAAAC/jesus-christ-wink.gif?

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  71. Yeah!!! He sold it to himself

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  72. Of course he is… I mean who thought he wasn’t? Just a scam

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  73. Just trying to avoid paying the fees on the DEFAULT due to the stock in Tesla that went below the Collateral (within Tesla) he used to Buy it with!
    So, of course, Concoct ANOTHER STOCK (numbers on paper) Sale to YOURSELF and don’t pay Taxes while you do it because you are a FRAUD AND EVADE TAXES!

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  74. Wouldn’t it be great if AI took over X and hacked the algorithm to help spread democratic ideas and block the neocon ideology

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    Replies
    1. So basically "its what i want" you can go to cuba or venezuela for communims.

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  75. #notusingX, #BoycottTesla , #MuskisaNazi

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  76. And I give a 💩 why????

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  77. Of course! He sold it to himself! 🙃

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  78. Just like Biden was president, but Obama was still in control.

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  79. MAYBE IT WILL BLOW UP LIKE HIS TELSAS

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  80. Out of control you mean

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  81. Replies
    1. è modo per usare quello che viene scritto su X per addestrare la
      società di AI che ha comprato (e ha preso la piattaforma)

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    2. sí.... Altro che condivisione dei dati...

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  82. Follow the money and you'll find a scam worth billions to Elon.
    🤔

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