**Court Order Unseals Investor List for Elon Musk’s X**
A federal judge has mandated that Elon Musk’s company, X, reveal its shareholder list, providing insight into the investors who contributed to Musk’s $44 billion acquisition of the platform formerly known as Twitter in October 2022.
Highlights:
– Nearly 100 entities are listed, with some representing multiple funds.
– Notable investors include:
– Venture capital firm Andreessen Horowitz
– Saudi Prince Alwaleed bin Talal al Saud
– Twitter founder Jack Dorsey
– 8VC, co-founded by Joe Lonsdale
– Lesser-known investor: UnipolSai S.P.A. (Italy)
– The unsealed filing follows a lawsuit from former Twitter employees claiming Musk violated their arbitration agreements.
– The court’s ruling supports public interest in knowing ownership of such an influential company.
– Despite attracting substantial investments, X has reportedly struggled under Musk, prompting worries about the value of investor stakes.
– The company has implemented subscription services and AI features, yet faced backlash due to layoffs and policy changes affecting content quality and advertiser interest.
– Recent legal disputes include a lawsuit against the World Federation of Advertisers over alleged revenue impacts concerning advertising recommendations.
– Fidelity reported a significant decline in the valuation of its stake in X from nearly $20 million to $5.6 million within a year.