Unsealed Court Filing Reveals X Holdings Corp. Shareholders, Including Prominent Figures and Investment Firms

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ICARO Media Group
Politics
22/08/2024 19h19

In a significant development, a federal judge has ordered the unsealing of a court document containing the complete list of shareholders affiliated with X Holdings Corp., the parent company of social media giant X (formerly known as Twitter). The disclosure occurred on Tuesday in response to a motion filed by the nonprofit organization Reporters Committee for Freedom of the Press and technology reporter Jacob Silverman. This motion sought the unsealing of a shareholder list compiled as part of a separate legal case in 2023, which involved allegations of arbitration agreement violations following Elon Musk's acquisition of the company for $44 billion in October 2022.

Included in the unsealed court filing are numerous individuals and companies that have a stake in X Holdings Corp., offering valuable insights into the ownership landscape. The list encompasses a wide range of notable shareholders, including Jack Dorsey, the co-founder and former CEO of Twitter. Other prominent figures featured on the list include Prince Alwaleed bin Talal al Saud, a member of Saudi Arabia's ruling royal family, as well as investment firms such as the Baron Opportunity Fund and Andreessen Horowitz.

Upon acquiring Twitter and rebranding it as X, Elon Musk garnered attention for reinstating the accounts of several well-known public figures who had previously been banned. This group notably includes former U.S. President Donald Trump, controversial psychologist Jordan Peterson, and internet entrepreneur Andrew Tate. Trump had been barred from the platform following the storming of the U.S. Capitol by his supporters in January 2021.

Musk, who actively engages with X's platform, has seized the opportunity to make prominent political interventions. In May 2023, the platform served as the launchpad for Florida Governor Ron DeSantis' ultimately unsuccessful White House bid. More recently, Musk held a lengthy audio conversation with Trump, who has now become the 2024 Republican presidential nominee and received Musk's endorsement.

The release of the court filing illuminating the comprehensive list of shareholders associated with X Holdings Corp. marks a noteworthy moment in the ongoing scrutiny surrounding the ownership and operations of the social media giant. With influential figures, investment firms, and key stakeholders revealed, this disclosure provides a clearer understanding of the diverse interests that shape the company's trajectory.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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