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Elon Musk Reveals Ownership List of X Amid Lawsuit

Elon Musk has been compelled to disclose the ownership details of X, formerly Twitter, due to a lawsuit from former employees seeking unpaid arbitration fees related to Musk’s acquisition of the platform. A federal judge recently ordered the unsealing of investor information, contrary to X’s prior claims of confidentiality.

Key Findings from the Ownership List:
– High-profile investors include Bill Ackman, Sean ‘Diddy’ Combs, and Oracle founder Larry Ellison.
– Ackman’s involvement is tied to the Pershing Square Foundation, where he serves as co-trustee.
– Larry Ellison holds shares through the Lawrence J. Ellison Revocable Trust but is not an active user of X.
– Sean Combs Capital, linked to rapper Diddy, is included; Diddy has established several brands under his name.
– Notable stakeholders also feature Saudi Prince Alwaleed Bin Talal and former Twitter CEO Jack Dorsey, who retains shares despite criticisms of Musk’s management.
– The disclosure lists nearly 100 investors, including various investment firms and entities associated with Fidelity, reflecting their significant investment in X.

Other Investors Include:
1. 8VC
2. Andreessen Horowitz
3. Sequoia Capital
4. Gerber Kawasaki

Musk, who bought X for $44 billion in 2022, is still a significant stakeholder, although details regarding his exact share compared to others were not provided in the filings.

X has not commented on this revelation.

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