August 23rd, 2024

Elon Musk was just forced to reveal who owns X. Here's the list

Elon Musk disclosed X's ownership details due to a lawsuit, revealing notable investors like Bill Ackman and Sean Combs. The platform faces challenges, including declining value and advertiser departures.

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Elon Musk was just forced to reveal who owns X. Here's the list

Elon Musk has been compelled to disclose the ownership details of X, formerly known as Twitter, due to a lawsuit from former employees seeking arbitration fee payments. A federal judge in California ruled to unseal the list of nearly 100 owners, which includes notable figures such as Bill Ackman, Sean Combs, and Saudi Prince Alwaleed bin Talal. The disclosure reveals that Fidelity has significant investments in X, with around 30 entities linked to the firm holding stakes. Other prominent investors include Oracle founder Larry Ellison and Jack Dorsey, who still owns shares despite previously criticizing Musk's leadership. The list also features various venture capital firms and individual investors, highlighting a mix of well-known and lesser-known stakeholders. Musk himself is listed as an owner through the Elon Musk Revocable Trust. Since Musk's acquisition of X for $44 billion in 2022, the platform has faced challenges, including a decline in value and advertiser departures. The unsealed documents provide insight into the diverse group of investors backing the platform amid ongoing scrutiny of its management and financial performance.

- Elon Musk was forced to reveal the ownership of X due to a lawsuit from former employees.

- The list includes notable investors like Bill Ackman, Sean Combs, and Prince Alwaleed bin Talal.

- Fidelity has significant investments in X, with around 30 linked entities holding stakes.

- Jack Dorsey still owns shares in X despite criticizing Musk's leadership.

- The platform has faced challenges since Musk's acquisition, including a decline in value and advertiser losses.

Link Icon 23 comments
By @akira2501 - about 2 months
Of interest from the order[0]:

> Pursuant to Northern District of California Civil Local Rule 3-15 and Rule 7.1 of the Federal Rules of Civil Procedure, Respondent X Corp. as successor in interest to named Respondent Twitter, Inc., by and through its counsel, certifies that Twitter, Inc. has been merged into X Corp. and no longer exists. Respondent X Holdings Corp., as successor in interest to named Respondent X Holdings I, Inc., by and through its counsel, certifies that X Holdings I, Inc. has been merged into X Holdings Corp. and no longer exists. X Corp. is wholly owned by X Holdings Corp. No publicly held corporation owns 10% or more of X Corp.’s or X Holdings Corp.’s stock.

[0]: https://www.washingtonpost.com/documents/2a00ce74-6d58-4f8e-...

By @johneth - about 2 months
I find it strange that details of the owners of a private company isn't publicly available information in the first place (speaking as someone from a country – the UK – where this is publicly available information).

In the UK (and I'd assume many other countries), you can see the owners of private companies on the Companies House website[0], along with those with 'significant control' and financial statements. It's pretty interesting and useful to look at sometimes.

[0] https://www.gov.uk/get-information-about-a-company

By @goles - about 2 months
By @enjoyyourlife - about 2 months
I'm surprised Fidelity is on the list. Your retirement account might still own shares of X
By @fhdsgbbcaA - about 2 months
P Diddy and a Saudi Prince.

What nice company to keep.

By @AstroJetson - about 2 months
Happy to see that none of my Vanguard funds are listed.
By @tdb7893 - about 2 months
Has there always been a graveyard of dead comments at the end of posts here? I've been surprised at having seen them on a couple posts recently.

I know it's an election year in the US so my experience is that there's more nonsense than normal in online spaces but it's surprising here.

By @unnouinceput - about 2 months
Any % each of those owners actually own? For me that would be the most important aspect of ownership
By @numpad0 - about 2 months
It feels weird knowing that user counts of Twitter by regions is like that[1], with content fractions occasionally mentioned to be even less generally palatable, and seeing nothing recognizably related to the second one on the list. Talk about free lunches...

1: https://cdn.shopify.com/s/files/1/0840/8370/3830/articles/Nu...

By @rpcope1 - about 2 months
> Ross Gerber and Gerber Kawasaki

I see the dumb money also got a seat a the table.

By @PeterStuer - about 2 months
Not majority owned by Blackrock, Vanguard and Goldman Sachs? Guess that truly explains all the anti-X vitriol in the press .
By @DavidSJ - about 2 months
The full list from the article:

    8VC Opportunities Fund II, L.P.
    ADREM X LLC
    ADREM Y LLC
    Afshar Partners, LP
    Andrea Stroppa
    Andreessen Horowitz LSV Fund III, L.P.
    Anthem Ventures, LLC
    ARK Venture Private Holdings LLC
    BAMCO, Inc.
    Bandera Fund LLC
    Baron Opportunity Fund
    Baron Partners Fund
    Binance Capital Management Co., Ltd
    Brookfield Project X L.P.•CCM 2020 Investments LLC
    Cheng and Chen Family Trust
    CNK Fund IV, L.P.
    Danilo Kawasaki
    Dayton Family Enterprises, LLC
    Dayton Family Investments, LLC
    DFJ GROWTH IV, L.P.
    DFJ GROWTH IV PARALLEL FUND, LLC
    DFJ GROWTH X-I, L.P.
    Eden Relationship Capital L.P.
    Elon Musk as Trustee of the Elon Musk Revocable Trust dated July 22, 2003
    FIAM Target Date Blue Chip Growth Commingled Pool By: Fidelity InstitutionalAsset Management Trust Company as Trustee
    Fidelity Blue Chip Growth Commingled Pool By: Fidelity Management TrustCompany, as Trustee
    Fidelity Blue Chip Growth Institutional Trust By its manager Fidelity InvestmentsCanada ULC
    Fidelity Canadian Growth Company Fund by its manager Fidelity InvestmentsCanada ULC
    Fidelity Central Investment Portfolios LLC: Fidelity U.S. Equity Central Fund -Communication Services Sub
    Fidelity Contrafund: Fidelity Advisor New Insights Fund – Sub A
    Fidelity Contrafund: Fidelity Advisor New Insights Fund – Sub B
    Fidelity Contrafund: Fidelity Contrafund•Fidelity Contrafund: Fidelity Contrafund K6
    Fidelity Contrafund: Fidelity Series Opportunistic Insights Fund
    Fidelity Contrafund Commingled Pool By: Fidelity Management Trust Company,as Trustee
    Fidelity Destiny Portfolios: Fidelity Advisor Diversified Stock Fund
    Fidelity Global Growth and Value Investment Trust – Sub A By its manager Fidelity Investments Canada
    Fidelity Global Innovators Investment Trust by its manager Fidelity InvestmentsCanada ULC
    Fidelity Growth Company Commingled Pool By: Fidelity Management TrustCompany, as Trustee
    Fidelity Insights Investment Trust By its manager Fidelity Investments CanadaULC
    Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund
    Fidelity Mt. Vernon Street Trust : Fidelity Growth Company K6 Fund
    Fidelity Mt. Vernon Street Trust: Fidelity Series Growth Company Fund
    Fidelity OTC Commingled Pool By: Fidelity Management Trust Company, as Trustee
    Fidelity Puritan Trust: Fidelity Puritan Fund – Equity Sub B
    Fidelity Puritan Trust: Puritan K6 Fund – Equity Subportfolio•Fidelity Securities Fund: Fidelity Blue Chip Growth Fund
    Fidelity Securities Fund: Fidelity Blue Chip Growth K6 Fund
    Fidelity Securities Fund: Fidelity OTC K6 Portfolio
    Fidelity Securities Fund: Fidelity OTC Portfolio
    Fidelity Select Portfolios : Select Communication Services Portfolio•G64 Ventures LLC
    Gerber Kawasaki Inc.
    GFNCI LLC
    Gigafund 0.21, LP
    Glacier Ventures LLC
    Go Mav, LLC
    HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud
    HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud
    IMG US, LLC
    Jack Dorsey Remainder LLC
    Jack Dorsey Tr Ua 12/08/2010 Jack Dorsey Revocable Trust
    Kingdom Holding Company
    Lawrence J. Ellison Revocable Trust
    Linda Ye and Robin Ren Family Foundation
    Litani Ventures•Luchi Fiduciaria SR POS. 365
    Manhattan Venture Partners X LLC
    Mirae Asset Innovation X ONE, LLC
    Mirae Asset Project X Fund I, LP•Olivier Janssens
    Q Tetris Holding LLC
    Ross Gerber
    Santo Lira LLC
    SC CDA1 LLC
    SCGE Fund, L.P.•SCGGF III – U.S./India Management, L.P.
    SCHF (M) PV, L.P.
    Scott Nolan
    SC US/E Expansion Fund I Management, L.P.
    Sean Combs Capital, LLC
    Sequent (Schweiz) AG as Trustee of the Debala Trust
    Sequioa Capital Fund, L.P.
    Series N Dis, a series of Atreides Special Circumstances Fund, LLC
    Shahidi Tactic Group, LLC
    Steve Davis
    T. One Holdings LLC
    The Pershing Square Foundation
    TM33 Partner Holdings
    Tresser Blvd 402 LLC
    UnipolSai S.P.A.
    Variable Insurance Products Fund II: VIP Contrafund Portfolio – Subportfolio A
    VYC25 Limited
    X Holdings I Investment, LLC
By @nelox - about 2 months
“Fidelity Puritan Trust”. Seems a perfect fit ;)
By @lawn - about 2 months
One reason Musk didn't want this revealed is that this includes some of Putin's oligarchs who are sanctioned by the US government (Petr Aven and Vadim Moshkovich).

More details:

https://x.com/HeatherBurgundy/status/1827303361106108789

> Petr Aven is a Russian billionaire, founder of Alfa Group, one of the main wallets for Putin. Aven is one of Putin's oldest friends. Putin would be in prison instead of becoming president without him. Aven covered for Vladimir Putin in 1992, when he organized an illegal trade in export licenses; he was also present at a meeting with Putin on February 24, 2022, in the beginning of the invasion of Ukraine. He did not express any protest against "SVO" and supported Putin. By the way, he, together with Fridman, is trying to lift sanctions from himself, just yesterday he received another refusal in this matter. In the purchase of Twitter he is represented by the company "8VC Opportunities Fund II, LP", where his son Denis works.

> Vadim Moshkovich is a sanctioned Russian agricultural billionaire who was a member of the "Federation Council of the Federal Assembly of the Russian Federation." In other words, he was officially part of Putin's inner circle. Moshkovich owns Russia's largest agricultural holding, Rusagro. Naturally, he was also present at the meeting with Putin on February 24, 2022, and, like Aven, did not express any protest against Russia's invasion of Ukraine. In the purchase of Twitter he is represented by the company "8VC Opportunities Fund II, LP", where his son Jack (Eugene) works.

> Knowing all this, we now understand Elon Musk's bias. Everyone was wondering how it was possible that Twitter shares (X) were falling, advertisers were breaking contracts, and no one was doing anything. This was direct damage to investors. But everyone failed to take into account the fact that investors needed a platform to promote their narratives, such as: support for Putin and Russia; lobbying for freezing the war in Ukraine; removing the Ukrainian agenda from the top news etc.

By @passwordoops - about 2 months
>Binance Capital Management Co., Ltd

Wait, what?!

By @Xen9 - about 2 months
I am not familiar with US politics but Musk has of course done lots of political things in the past and now with the Trump interview, this feels slightly like a target list. Could it serve as one?