Linas's Newsletter

Linas's Newsletter

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Linas's Newsletter
Linas's Newsletter
Elon Musk just sold 𝕏 to… Elon Musk 🤷‍♂️🤑; JPMorgan's $175 million lesson: Frank founder convicted in landmark FinTech fraud case 🦹‍♀️🏦

Elon Musk just sold 𝕏 to… Elon Musk 🤷‍♂️🤑; JPMorgan's $175 million lesson: Frank founder convicted in landmark FinTech fraud case 🦹‍♀️🏦

FinTech is Eating the World, 1 April

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Linas Beliūnas
Apr 01, 2025
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Linas's Newsletter
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Elon Musk just sold 𝕏 to… Elon Musk 🤷‍♂️🤑; JPMorgan's $175 million lesson: Frank founder convicted in landmark FinTech fraud case 🦹‍♀️🏦
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Hey Everyone,

Good morning & happy Tuesday! Today’s issue is the best one yet as we’re going to look into Elon Musk who just sold 𝕏 (formerly Twitter) to… Elon Musk (what it’s all about & why it could be a game-changer + bonus deep dive into 𝕏 and some critical AI must-reads inside), and JPMorgan that just learned a $175 million lesson (how Frank founder was just convicted in landmark FinTech fraud case, why it matters & what to expect next + some priceless M&A resources inside to save you billions). So let’s just jump straight into the incredible stuff 🌶️

Elon Musk just sold 𝕏 to… Elon Musk 🤷‍♂️🤑

The news 🗞️ Elon Musk has just orchestrated a major consolidation of his tech empire by having his artificial intelligence startup xAI acquire 𝕏 (formerly Twitter) in an all-stock transaction valued at a whopping $113 billion 😳

The deal, announced just a few days ago, values xAI at $80 billion and 𝕏 at $33 billion, with xAI shareholders receiving approximately 70% of the combined entity called XAI Holdings. Not too shabby!

Let’s take a deeper dive into this, understand why it could change the game of social + AI, and see what’s next.

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