Complete List of Shareholders in X Unsealed: How is Elon Musk Dealing with it?
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Roshan Amiri
- . August 23, 2024
- . Update: August 23, 2024 9:14 pm
A federal judge has mandated the unsealing of an extensive list of investors engaged with X Holdings Corp., the parent company of the social media behemoth X, once known as Twitter. Following a July motion on behalf of technology writer Jacob Silverman, the nonprofit Reporters Committee for Freedom of the Press filed, this revelation took place on Tuesday.
Background and Legal Environment
A legal dispute from 2023, in which former investors claimed their arbitration agreements were violated following Elon Musk’s acquisition of the firm for $44 billion in October 2022, drove the petition to unseal the shareholder list. This action was a component of a more general study on post-acquisition handling of contractual agreements and investment. Understanding the dynamics of shareholder influence and investment in the company at a moment of major transformation depends on the openness given by the unsealing of this list.
Notable Investors Exposed
The unsealed document exposes a varied and significant list of people and companies with interests in X Holdings Corp. Among the well-known names are Jack Dorsey, co-founder of Twitter and former CEO who was instrumental in the early expansion of the business. Another prominent stakeholder is Prince Alwaleed bin Talal al Saud, a well-known member of Saudi Arabia’s ruling royal family whose investments sometimes span several industries and locations. Also featured is Andreessen Horowitz, a venture capital firm reflecting its engagement in high-growth technological ventures. Included in the list are also Binance Capital Management Co., LTD., a significant participant in the bitcoin market, and the Baron Opportunity Fund, well-known for its investments in startup technology.
Influence of Elon Musk and Evolution of the Platform
Elon Musk has drastically changed Twitter since he acquired it in October 2022. Among his significant acts was restoring some well-known narratives that had been forbidden before. This covers the narrative of former President Donald Trump, whose suspension follows the U.S. Capitol riot on January 6, 2021. Musk also restored accounts of Jordan Peterson and Andrew Tate, so underlining his method of content monitoring and platform control.
Beyond content rules, Musk has used the platform—now rebranded as X—to make significant political remarks and interventions. Though his candidacy finally failed, Florida Governor Ron DeSantis used X in May 2023 to declare his candidature for the US presidential contest. More lately, Musk used the platform to highlight his continuous participation in political debate by doing a two-hour audio interview with Trump, now the 2024 Republican presidential nominee.
The Complete Shareholders List
Now publically accessible, the comprehensive list of shareholders include trusts, individual investors, and a range of investment funds. Among the businesses on the list are ADREM X LLC and 8VC Opportunities Fund II, both of which deal in venture capital and investment opportunities. Included are Afshar Partners, LP and Andrea Stroppa, therefore augmenting the varied funding basis of X Holdings. Notable participation in promoting creative technology and business projects is that of Anthem projects, LLC and ARK Venture Private Holdings LLC.
With interests in infrastructure and technology, Baron Partners Fund and Brookfield Project X L.P. represent major financial entities. Reflecting a mix of institutional and private involvement, the list also features Cheng and Chen Family Trust and CCM 2020 Investments LLC. Active in growth-stage investments, other well-known names are DFJ GROWTH IV, L.P., and Eden Relationship Capital L.P.
Reflecting his own involvement in the business, Elon Musk himself is named as a trustee of the Elon Musk Revocable Trust dated July 22, 2003. Additionally included on the list are other Fidelity funds under management by Fidelity Management Trust Company and associates: Fidelity Blue Chip Growth Commingled Pool and Fidelity Contrafund. For X Holdings, these monies account for a sizable share of institutional investment.
Notable technology and industry investors among additional stockholders are G64 Ventures LLC, Gerber Kawasaki Inc., and GFNC I LLC. Gigafund 0.21, LP, and Glacier Ventures LLC highlight even more the spectrum of investors engaged in X Holdings. Notable contributors include are Go Mav, LLC and HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud.
Along with Lawrence J. Ellison Revocable Trust and Linda Ye and Robin Ren Family Foundation, which show a mix of well-known and charitable investors, the list includes IMG US, LLC, Jack Dorsey Remainder LLC, and Kingdom Holding Company. Among others included in the document are Litani Ventures, Mirae Asset Project X Fund I, LP, and Olivier Janssens.
Result
The publication of this shareholder material offers a full picture of the powerful and diverse network of investors behind X Holdings Corp. Under Elon Musk’s direction, the public and investors are attentively observing how these stakeholders will determine the future of the platform as the company keeps changing. The unsealing of this list emphasizes the continuous examination and fascination in the financial and operational dynamics of one of the most discussed tech corporations of the contemporary era.
