Elon Musk just sold his social media platform X to his AI startup xAI. Why's everyone talking? A U.S. judge recently denied his attempt to dismiss a fraud lawsuit tied to X. He's accused of deceiving former Twitter shareholders by delaying investment disclosures.
Adam Cochran (@adamscochran) says the sale spices up the lawsuit, exposing xAI more, especially since Musk used what he calls "pumped up" xAI stock to overpay, yet still incur a hefty loss. Musk aims to blend X's reach with xAI's tech, but many smell user data sales in the air.
Is this a strategic tech move or legal chess? The jury's out!