I’m not that smart, but if I were, I would be thinking this is an extended way to move the losses from the Twitter purchase on to the public markets.
[1] https://www.axios.com/2023/12/31/elon-musks-x-fidelity-valua...
[2] https://www.reuters.com/markets/deals/musks-xai-buys-social-...
[3] https://www.cnbc.com/amp/2026/02/02/elon-musk-spacex-xai-ipo...
Obviously advertisers have not been fans. And it is a dying business. But rather than it dying, Elon has found a clever (and probably illegal) way to make it so that SpaceX, which has national security importance, is going to prop up Twitter/X. Now our taxpayer dollars are paying for this outrageous social network to exist.
Obligatory disclaimer: I'm not conservative, I dont particularly care for Elon or X or this merger. I just despise intellectual dishonesty and selective outrage.
The only intellectual dishonesty is “blaming it on the libs” argument. Ignoring the partisan arguments, the platform was quite literally being used by users to undress women and produce CSAM. [1] Just one of the many examples where you can argue the platform is toxic.
[1] https://www.reuters.com/legal/litigation/grok-says-safeguard...