Elon Musk’s X Ordered to Reveal Investors in Court Filing

• A federal judge has mandated Elon Musk’s X to disclose its list of shareholders, revealing key investors in the $44 billion acquisition of the platform formerly known as Twitter.
• The unsealed document lists nearly 100 entities, including prominent venture capitalists, entrepreneurs, and a fund linked to Sean 'Diddy' Combs.
• Notable investors include Andreessen Horowitz, Saudi Prince Alwaleed bin Talal al Saud, Twitter founder Jack Dorsey, and 8VC co-founder Joe Lonsdale.
• The court’s decision follows a motion by the Reporters Committee for Freedom of the Press, emphasizing public interest in knowing the stakeholders of such an influential platform.
• Despite Musk’s efforts to revitalize X with new features and subscription options, the platform faces financial challenges, with some investors’ stakes significantly devalued.

Source: Washington Post