Elon Musk’s social media platform, X (formerly known as Twitter), has been compelled to reveal a list of its investors as part of a lawsuit initiated by former employees. These employees are seeking reimbursement for arbitration fees incurred following Musk’s acquisition of the company. The disclosure was ordered by a federal judge in California, who ruled against X’s claim that the identities of its investors should remain confidential.
The unsealed documents have brought to light nearly 100 investors, including several well-known figures from the worlds of finance, technology, and entertainment. Among them are billionaire investor Bill Ackman, through his Pershing Square Foundation, and music mogul Sean “Diddy” Combs, linked to the Sean Combs Foundation and Combs Investments. These investors, alongside many others, have put their money into Musk’s ambitious venture despite the platform’s turbulent performance since his takeover.
Familiar faces in the X Universe Not surprisingly, the list includes several prominent names who have long been associated with tech investments. Fidelity Investments, a major player in the financial sector, has stakes in X through almost 30 different entities. Fidelity’s involvement has been closely watched, particularly since reports surfaced that the platform’s value had plummeted by 72 per cent since Musk’s acquisition.
Other notable investors include Oracle founder Larry Ellison, who has a stake in X through his Lawrence J. .