[rwmj]

a.k.a the worst kind of financial engineering. The company is not profitable if it doesn't make a profit when all things are considered.

And we're not even talking about the missed opportunity costs of the ~ $27bn cash used to purchase Twitter. Most of that value is completely gone.

[DoesntMatter22]

If you were an investor in X and put up some of that $27 billion dollars you now own shares in xAI, so it's not not gone.

[rwmj]

You can dress it up in "financial alchemy" like any hedge fund, but it doesn't disguise the fact that the last person to carry that can is going to lose a lot of very real money.

[DoesntMatter22]

That doesn't even make any sense.