[legendofbrando]

In similar news: my left hand acquired my right hand today in an all stock deal valuing the combined hands at $1T. Praising the announcement my arms noted on the deal: “With these two hands now together, there’s nothing our combined fist of might can’t do.” Competitors, my left and right feet, declined to comment on the merger but are said to be in their own separate talks about a deal.

[osmsucks]

Was this announced at an all hands?

[disqard]

This sounds like yet another arms dealer.

[sagarpatil]

I haven’t laughed this hard in a long time. This should be the top post.

[deadbabe]

What are you gonna do with two hands?

[rchaud]

Accelerate our work towards achieving AGH

[D-Coder]

Twice as much!

[ethbr1]

There's only one correct Silicon Valley S01 answer to this: jack off two dudes at the same time.

(Or more, if you're a middle-out sort)

[permo-w]

right but you don't have $1T to do that, whereas clearly he has however much money he's paid for it. it's a weird thing to do, but if he has the money to do it then meh?

[ddtaylor]

In similar news: my left hand acquired my right hand today in an all stock deal valuing the combined hands at $250,000. Praising the announcement my arms noted on the deal: “With these two hands now together, there’s nothing our combined fist of might can’t do.” Competitors, my left and right feet, declined to comment on the merger but are said to be in their own separate talks about a deal.

[permo-w]

changes nothing

[achierius]

Yeah it does, presumably he has that much money, which invalidates your original point. Hope that helps explain the situation!

[permo-w]

it doesn't invalidate anything; my original point was that Musk has this much money, meaning that he's just moving money around, meaning that this pretentious analogy is not actually making any kind of insightful point whatsoever. what Musk is doing is taking two entities already with a high market value and then merging them, he's not just deciding randomly that 2 irrelevant things have value. how much money this guy has is irrelevant. it's just a shitty attempt at satire, which I cannot stand

[pavlov]

He's not moving any money around.

The acquisition is entirely in stock. Shareholders of X are receiving xAI stock in exchange for their X shares. They don't get any cash.

Musk says the new combined entity is worth $80B, but that's on paper. The company certainly doesn't have that much cash or liquid assets. The valuation is based on xAI's previous funding round + whatever number they decided to assign to the X assets + the magic of "synergy" produced by this deal. In other words, it's not based on anything real. (Accountants call this "goodwill.")

[pqtyw]

Except there is no money involved. xAI has nowhere near that amount of money in cash or in any liquid assets. The valuation hardly means anything, it might be worth $10 billion, it might be worth $100 billion nobody can tell at this point.

[Maxatar]

xAI doesn't have the money to buy X either. This acquisition doesn't involve any cash whatsoever.

[kristjansson]

"I merged my checking account ($X) with my savings account ($Y) in an all cash deal valuing the combined entity at $X+Y"

[pqtyw]

Presumably that involved actual money unlike this deal?

[permo-w]

precisely