smfh. do we think he’s doing this because Twitter was constantly losing money?

Elon Musk’s tweet: “@xAI has acquired [@X](https://micro.blog/X) in an all-stock transaction.&10;The combination values xAl at $80 billion and X at $33 billion ($45B less $12B debt).&10;Since its founding two years ago, xAl has rapidly become one of the leading Al labs in the world, building models and data centers at unprecedented speed and scale.&10;X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.&10;XAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAl's advanced Al capability and expertise with X's massive reach. The combined company will deliver”
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