Elon Musk’s xAI purchasing the social media platform X (formerly Twitter) for a reported $45 billion in an all-stock transaction has ignited a firestorm of controversy. The deal, announced by Musk himself, immediately raised eyebrows due to the sheer scale and the perceived lack of transparency surrounding the valuation. The $45 billion price tag, coupled with xAI’s own relatively recent and highly speculative valuation, has led many to question the legitimacy of the transaction.
The core issue lies in the apparent discrepancy between the stated value of X and the perceived value of xAI. X, despite its considerable user base, has experienced significant financial instability and operational challenges since Musk’s initial acquisition.… Continue reading
Treasury’s payment systems, controlling over $6 trillion annually in payments, are overseen by a small number of career officials. Recent access granted to Elon Musk to these sensitive systems has alarmed former Treasury and OMB officials, who are unsure of his motives. The concern centers on the potential for targeted disruption of government payments, mirroring previous attempts to freeze federal funding. This raises questions about whether Musk aims to selectively halt payments authorized by Congress, echoing past efforts to control government spending.
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As I sit and reflect on the recent news about the New York Attorney General stating that the $175 million Trump fraud bond isn’t properly backed and should be voided, I can’t help but feel a mix of frustration and disbelief. I mean, how is it possible that someone like Trump, who has a history of financial fraud, can continue to manipulate the legal system to his advantage? It boggles the mind that he is allowed to get away with such blatant disregard for the law.
Reading through the various comments and reactions to this news, it’s clear that I’m not alone in feeling outraged by the lack of consequences for Trump’s actions.… Continue reading
Matt Underwood 
John Q. Hosedrinker