no thank you but we will buy twitter for $9.74 billion if you want

— Sam Altman (@sama) February 10, 2025

Elon Musk offered $97 billion for OpenAI and Sam Altman's response to the offer is quite the comeback 👀#opena #elonmusk #samaltman pic.twitter.com/D4hyNlPhHy

— TheStreet (@TheStreet) February 11, 2025

Altman's offer is about 1/5 the price Musk paid for Twitter. Sick burn.

sam is using his product though ?

Yeah, and he likes it enough to make a public offer for it, and we have seen how those can be enforced.

Gaeilge said:

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Also you're heaping this praise on Altman whom is an outright hypocrite with his decision to publicly monetize OpenAI after being on record saying he wouldn't.

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https://texags.com/forums/16/topics/3527185

Does anyone truly believe that X is with less than 10 Billion?

Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

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the "people" valuing twitter at significantly less than what he paid are investors that helped fund the purchase to begin with marking down the value of their stake. sure you cant put a price on owning the libs, but from a purely business perspective twitter was already a floundering business that was made worse by musk's changes. it has shown signs of improvement more recently however.

Heineken-Ashi said:

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Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

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Ya, and he turned it from a money pit that wasn't profitable into a 45%+ operating margin machine. In a couple years, it might be worth double what he paid.

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It was worth $9.4B in the fall, according to Fidelity who owns a partial stake.

Kenneth_2003 said:

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Does anyone truly believe that X is with less than 10 Billion?

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Their owners do.

Open ai is probably worth way more.

Jeeper79 said:

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Heineken-Ashi said:

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Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

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Ya, and he turned it from a money pit that wasn't profitable into a 45%+ operating margin machine. In a couple years, it might be worth double what he paid.

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It was worth $9.4B in the fall, according to Fidelity who owns a partial stake.

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Just quoting you to bookmark this. And yes, it will be bumped in the future, whether I'm right or wrong.

Old McDonald said:

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Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

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the "people" valuing twitter at significantly less than what he paid are investors that helped fund the purchase to begin with marking down the value of their stake. sure you cant put a price on owning the libs, but from a purely business perspective twitter was already a floundering business that was made worse by musk's changes. it has shown signs of improvement more recently however.

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You mean the investors that get Tesla stock as collateral against their investment…Yeah, I'm sure these guys are really freaking scared about that investment.

How many of them have made a call on the collateral? It's okay. I'll wait for your answer.

Gaeilge said:

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$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

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$47B for the ear of the president is actually really expensive. Hunter Biden was selling it for far less.

I saw an analysis of the offer that suggested that Musk's offer wasn't really intended to be a legitimate offer to buy the company.

As I understand it, Open AI is planning to sell itself to a for-profit corporation in order to complete the transition to a for-profit entity.

Open AI's for-profit investors were going to do this on the cheap and Musk's offer just torpedoed that plan b/c now the Open AI board has a fiduciary responsibility to seek an offer considerably higher than their investors had prepared to pay.

By increasing the transition costs the new investors will have less money available to invest on new data centers. If this theory is correct, Musk probably just bought X-AI, some time to catch up to Open AI.

rgvag11 said:

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no thank you but we will buy twitter for $9.74 billion if you want

— Sam Altman (@sama) February 10, 2025

Elon Musk offered $97 billion for OpenAI and Sam Altman's response to the offer is quite the comeback 👀#opena #elonmusk #samaltman pic.twitter.com/D4hyNlPhHy

— TheStreet (@TheStreet) February 11, 2025

Altman's offer is about 1/5 the price Musk paid for Twitter. Sick burn.

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What are you, 9?

Also, business wise, Altman might have been wise to consider it.
OpenAI might be in the lead now, but this is a very competitive market, with a lot of new players.
There's no guarantee they'll thrive or even survive. Thats a lot of money to turn down.

Don't ever bet against Elon.
Just sayin..,

Jeeper79 said:

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Heineken-Ashi said:

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Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

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Ya, and he turned it from a money pit that wasn't profitable into a 45%+ operating margin machine. In a couple years, it might be worth double what he paid.

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It was worth $9.4B in the fall, according to Fidelity who owns a partial stake.

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The value of X on a standalone basis is irrelevant. Y'all are missing the point of WHY he bought X.

Musk is the richest person in the world he doesn't care what some lib peons on texags think X is worth why does the left think this is some sort of gotcha when they try to de-value X

Aglaw97 said:

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Jeeper79 said:

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Heineken-Ashi said:

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Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

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Ya, and he turned it from a money pit that wasn't profitable into a 45%+ operating margin machine. In a couple years, it might be worth double what he paid.

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It was worth $9.4B in the fall, according to Fidelity who owns a partial stake.

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The value of X on a standalone basis is irrelevant. Y'all are missing the point of WHY he bought X.

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Nobody is missing any point. The discussion is literally about the book value of X. It's the only relevant part of this conversation.

Jeeper79 said:

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Aglaw97 said:

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Jeeper79 said:

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Heineken-Ashi said:

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Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

---

Ya, and he turned it from a money pit that wasn't profitable into a 45%+ operating margin machine. In a couple years, it might be worth double what he paid.

---

It was worth $9.4B in the fall, according to Fidelity who owns a partial stake.

---

The value of X on a standalone basis is irrelevant. Y'all are missing the point of WHY he bought X.

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Nobody is missing any point. The discussion is literally about the book value of X. It's the only relevant part of this conversation.

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The term "horse blinders" comes to mind...typical of leftist...

Jeeper79 said:

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Aglaw97 said:

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Jeeper79 said:

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Heineken-Ashi said:

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Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

---

Ya, and he turned it from a money pit that wasn't profitable into a 45%+ operating margin machine. In a couple years, it might be worth double what he paid.

---

It was worth $9.4B in the fall, according to Fidelity who owns a partial stake.

---

The value of X on a standalone basis is irrelevant. Y'all are missing the point of WHY he bought X.

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Nobody is missing any point. The discussion is literally about the book value of X. It's the only relevant part of this conversation.

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And the book value of Twitter, while maybe an interesting data point, is totally irrelevant to its worth and value within Musk's businesses.

1) Twitter's financial position has improved a lot over the past 3-4 months
2) Book value seems like a very poor valuation metric for a company that has had piled up losses (pummeling retained earnings and value of equity), but has recently turned around and is now generating a lot of cash. Book value is retrospective so it won't consider the dramatically different trajectory.

Jeeper79 said:

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Aglaw97 said:

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Jeeper79 said:

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Heineken-Ashi said:

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Gaeilge said:

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I love how people keep valuing Twitter at $10B.

Musk paid ~$47B and since purchasing his net worth has gone 4x. It also single-handedly destroyed legacy medias reach on elections.

$47B seems kind of cheap to me for the ear of the most powerful man in the world. But hey, that's just me.

---

Ya, and he turned it from a money pit that wasn't profitable into a 45%+ operating margin machine. In a couple years, it might be worth double what he paid.

---

It was worth $9.4B in the fall, according to Fidelity who owns a partial stake.

---

The value of X on a standalone basis is irrelevant. Y'all are missing the point of WHY he bought X.

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Nobody is missing any point. The discussion is literally about the book value of X. It's the only relevant part of this conversation.

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Still haven't seen any contrition on your part for spewing your "Trump can't win" bs for 18 months before he won in a landslide.

ha ha so much for "CEOs doing the best for their shareholders" nonsensical theory.

OpenAI has a lot of competition and his product is becoming a commodity. Instead of just taking the offer, he put his ego first.

Groupon did the same thing with the 6B offer from Google, now they are worth about 1B.