Who are the shareholders behind X? Here are some key people tied to the social media giant

Independent technology journalist Jacob Silverman's request for an order was granted by U.S. District Judge Susan Illston in July 2024, according to court documents. In the interest of transparency and the broader public good, Silverman proposed the order. It's fair for people to know the identity of the owner of a company that plays such a significant role in influencing public opinion, both domestically and internationally, Silverman stated in a website blog entry. X’s self-proclaimed role as a guarantor of free speech means that we should know which outside entities and which foreign governments may be able to exert influence on the company.

After Elon Musk formally rebranded Twitter as X in 2023, the names of the shareholders who helped finance the enormous $44 billion acquisition have been made public more than a year later by a federal court order. These names include music mogul Sean Diddy Combs and the founder and former CEO of the social media platform, Jack Dorsey.

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According to an unsealed court document obtained by the Washington Post, the other nearly 100 shareholders of X Holdings Corp. listed, in addition to Combs and Dorsey, are the venture capital firm Andreessen Horowitz, Saudi Prince Alwaleed bin Talal al Saud, UnipolSai S.P.A., an Italian financial services company based in Bologna, and 8VC, a venture capital firm co-founded by Joe Lonsdale, co-founder of software company Palantir. Although a number of the original investors, such as Dorsey and Andreessen Horowitz, have previously been made public, the Post stated that this is the first time a list of all the investors in X has been assembled.

The New York Post's report on the list of disclosed entities includes the Pershing Square Foundation, which is co-trusted by billionaire hedge fund manager Bill Ackman and his spouse Neri Oxman. Numerous entities are listed as shareholders of Fidelity, which reported in January that one of its mutual funds had reduced its stake in X to $5.6 million from nearly $20 million in 2022.

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FAQs

Who were some of the major investors in X?
Among the company's notable investors are the Pershing Square Foundation, venture capital firm Andreessen Horowitz, Saudi Prince Alwaleed bin Talal, Sean Diddy Combs, and Jack Dorsey.

Why was the shareholders' list of X made public?
A federal court opened the list to the public for transparency's sake, making it clear who owns a business that has a big impact on public opinion around the world.