Judge Orders X Holdings Ownership Disclosure
Judge Orders X Holdings Ownership Disclosure

Judge Orders X Holdings Ownership Disclosure

News summary

A federal judge has ordered Elon Musk's company X, formerly known as Twitter, to unseal its list of nearly 100 shareholders, revealing a diverse group of investors including prominent Silicon Valley venture capitalists, Saudi Prince Alwaleed bin Talal al Saud, and controversial figures like Sean 'Diddy' Combs. The court ruling came in response to a motion filed by journalist Jacob Silverman and the Reporters Committee for Freedom of the Press, following a lawsuit by former Twitter employees alleging arbitration agreement violations. Notable investors include Andreessen Horowitz, Oracle co-founder Larry Ellison, and Twitter co-founder Jack Dorsey, among others. The disclosure also highlighted the financial struggles of X, including a significant drop in advertising revenue and the burden of $13 billion in loans, marking it as one of the worst merger-finance deals since the 2008-2009 financial crisis.

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Last Updated
88 days ago
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