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Elon Musk was just forced to reveal who owns X. Here's the list
- noxford1 2y ago[flagged]
- lawn 2y agoOne 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 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.
- vizzah 2y agoMusk doesn't have to answer to those investors. They must be passive investors, as everybody else. Their ownership is unlikely to have any influence. It also seems to be just a "status" investment. They are not getting much back, let alone a 1000% ROI.
- blackeyeblitzar 2y agoThey also aren’t investors. This person is claiming that relatives of some rich Russians are working at some financial firm that invested some amount into Twitter. There isn’t even any evidence their money is in Twitter as far as I can tell.
- jesperancinha 2y ago[flagged]
- Andrew_nenakhov 2y ago[flagged]
- deleted 2y ago[deleted]
- techostritch 2y ago[flagged]
- goles 2y agohttps://archive.is/vDBmI https://archive.is/vDBmI
- enjoyyourlife 2y agoI'm surprised Fidelity is on the list. Your retirement account might still own shares of X
- coffeebeqn 2y agoYeah how does owning private stock work for those funds? Kind of interesting. For most funds don’t they constantly sell and buy each stock to rebalance it
- Ekaros 2y agoThere is vast number of different types of funds that invest in nearly anything you can imagine. Real estate, land(farmland and forrest), public stocks, bonds. Also why not private stocks. ETFs traded on exchanges and index funds is just very special setups. Which don't prevent other forms of funds that is essentially piles of money given out for them to manage often with limitations of pulling it out.
- jcranmer 2y agoFidelity has long been known to be one of the owners of X; their markdowns on the value of their X holdings have long been the most common citation of how far X's value has plummeted under Musk's stewardship.
- lupire 2y ago[flagged]
- gruez 2y ago>Can they be sued for misrepresentation and securities fraud? Why?
- austhrow743 2y agoMany wouldn’t consider Twitter to be a blue chip stock.
- ra423sdl 2y ago[flagged]
- nelox 2y ago“Fidelity Puritan Trust”. Seems a perfect fit ;)
- djbusby 2y agoWhat's the joke here? There are like a dozen Fidelity trusts on the list. Edit: my Karma been flapping on this one (bot-monitor, and I'm on vacation). Is the joke because of Puritanical ideals and Twitter don't get along? Really, as others have said, Fidelity is in like everything. And, loads of big companies have all kinds of trusts. I don't see the perfect fit. But if there is a joke I can share with my friends that work at Fidelity I'd like to know - more than just "haha bad investment"
- fragmede 2y agothere are two jokes to be had, it depends on how you see Twitter. One is, as you mentioned, how certain aspects of Twitter don't align with Puritanical beliefs. The other is how Twitter's far-right following adheres to certain Puritanical beliefs.
- unnouinceput 2y agoAny % each of those owners actually own? For me that would be the most important aspect of ownership
- janalsncm 2y agoI doubt it. The owners were named in a lawsuit, so the % is irrelevant as far as the suit is concerned.
- senectus1 2y agoyeah, this. I'm still convinced that Elon took a deal to deliberately burn twitter to the ground. I'm unsure how we'd prove it but his behaviour makes little sense otherwise.
- constGard 2y agoMy favorite pet theory is that Musk taking over Twitter is to disentangle the bureaucratic and journalistic class from the direct Tumblr/4chan content pipeline they've all been drinking from for years. The only way he could make it work was to make the space as distasteful as possible. I'm giving him way too much credit, of course, but I can dream.
- reducesuffering 2y agoI assure you the 4chan content pipeline has increased an order of magnitude since the Musk takeover. A comment thread on an Elon post will consistently have multiple posts with >100k views containing slurs or "jews bad Hitler good" accounts.
- constGard 2y agoClearly yes; my point was that the taste and decision makers that previously might've taken stronger cues from Twitter are now much less likely to see it as a venue for worthwhile discussions. I'm probably overvaluing that vs the harm of broadcasting puerile content, but I recognize this is fundamentally an unserious take.
- Xen9 2y agoI 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?
- lazyeye 2y agoTarget for what?
- bilbo0s 2y agoThere are a lot of people out there who can make a lot of money flow, (and more importantly not flow), in any direction they want. There are a lot of people out there who can, say, go through all of your tax returns and make sure that every i was dotted and every t was crossed. Own a business that needed government licensing? There are a lot of people that take action to hold up that process. And on, and on, and on. There are a million ways in a society as complex as ours that you can be targeted. I always say that our society has so many laws, regulations, and so on that there is no one who can claim to be law-abiding and have that claim hold up to three letter agency level scrutiny. Or even Halliburton corporate legal level scrutiny for that matter. You ask for what they could be targeted? I think it was Cardinal Richelieu who wrote about needing only a small amount of work done by a supposed honest man, and in that corpus being able to find something for which that supposed honest man could be hung. It's been 400 years and our technologies are now so good that you probably don't even need a small amount.
- Xen9 2y agoWhen Ukraine war started for example, there were many lists of oligarchs, "Putin's circle" cieculating around. These would lead to, even when there were no sanctions, activism against these names and avoidance of doing business with these names. Divide & Conquer: (1) Put list of your enemies names on a wall, making then more vulnerable. When they are unable to appear neutral or allied to someone else than your enemy again, they will become socially isolated. (2) Cause some reason why everyone should be scared of being an ally of your enemy. (3) Take down your enemy, knowing no one will come in defense of them. Note that my first example does not refer to the assasinations of Russian oligarchs, and I only speak of targeting as a tactic of Divide & Conquer strategy.
- akira2501 2y agoOf 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-bc2c-1bb820ee4705.pdf https://www.washingtonpost.com/documents/2a00ce74-6d58-4f8e-...
- 1vuio0pswjnm7 2y agoMay we ask why this is of interest. As other comments have mentioned, there is nothing unusual here. What are we missing.
- stephenr 2y agoWhen your shell company is a Russian nesting doll.
- ErikBjare 2y agoNot a lawyer, but looks like a pretty simple takeover structure to me.
- bberenberg 2y agoI sold a company and ended up with roughly the same. This is 100% bog standard.
- DavidSJ 2y agoThe 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
- passwordoops 2y ago>Binance Capital Management Co., Ltd Wait, what?!
- inhumantsar 2y agowhy should this be surprising?
- intuitionist 2y agoYeah this was reported at the time of the acquisition.
- TacticalCoder 2y agoI can understand the surprise so I'm not sure why you're downvoted. Companies like Coinbase and Binance, who never stole a cent from their users (as opposed to crooks like Alameda/FTX/SBF), are extremely successful. Whether or not one appreciate cryptocurrencies, these companies are worth tens of billions. It's not a surprise that they invest in other companies.
- doomsayer 2y ago[dead]
- AstroJetson 2y agoHappy to see that none of my Vanguard funds are listed.
- 1oooqooq 2y agomaybe there's a deeper reason every faang moved from vanguard to fidelity or E-Trade
- datavirtue 2y ago[flagged]
- tdb7893 2y agoHas 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.
- lolinder 2y agoWhat I'm seeing here is pretty typical of what I normally see with showdead turned on when on a topic that is vaguely political in nature (anything with Musk in the headline counts).
- Loughla 2y agoMost political posts attract that sort of nonsense on this site. Any post with musk as well. And for some reason education posts?
- ink_13 2y agoThere is a quite vocal handful of commenters who loathe the public education system (although perhaps not for the reasons one might initially expect)
- Something1234 2y agoI have never seen these comments around. What their usual arguments?
- ziml77 2y agoThe reason I would expect is that they think the teachers are showing their kids explicit sexual content, encouraging them to be transgender, and telling them about how they should hate America and white people. Is that not accurate?
- itbeho 2y agoJust my take: Some parents are having growing concerns about the quality of basic education (reading, math, history) that their kids are receiving. Apparently questioning the effectiveness of how their tax dollars are spent makes them a homophobe and a racist. Oh, and probably "weird" too.
- fhdsgbbcaA 2y agoP Diddy and a Saudi Prince. What nice company to keep.
- rpcope1 2y ago> Ross Gerber and Gerber Kawasaki I see the dumb money also got a seat a the table.
- ssjjsjs 2y ago[flagged]
- ssjjsjs 2y ago[flagged]
- james598grose 2y ago[flagged]
- PeterStuer 2y agoNot majority owned by Blackrock, Vanguard and Goldman Sachs? Guess that truly explains all the anti-X vitriol in the press .
- dyauspitr 2y agoWhat about the vitriol in the general public.
- TacticalCoder 2y ago> What about the vitriol in the general public People seems to like X. The far-left tries to make it looks like X is far-right but the truth is: anyone can use X, even the far left (and oh boy do they use it) and censorship there is now highly uncommon. Many accounts wrongfully closed have been reinstated. Wasn't there numbers posted recently showing that X now has more active users than it used to? It may or may not be profitable as a company, but the public certainly seems to still be using X.
- ParetoOptimal 2y ago> anyone can use X, even the far left (and oh boy do they use it) and censorship there is now highly uncommon. For the right, censorship on twitter is uncommon. For the left it is common, especially if you dare criticize whats his face.
- mdhb 2y agoThere is something about this particular worldview and the username “tactical coder” that will never not be extremely amusing to me.
- johneth 2y agoI 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 https://www.gov.uk/get-information-about-a-company
- HL33tibCe7 2y agoCompanies House is the exception rather than the rule. The UK is actually very good at this.
- bdjsiqoocwk 2y agoWithout taking from your point, I believe you can have a UK limited company owned by an entity in a different jurisdiction that's less good than the UK.
- askonomm 2y agoSame in Estonia. You can see the owners / shareholders of every private company and also all the financial / tax information per financial quarter (and year).
- SOLAR_FIELDS 2y agoIt’s very state dependent in the USA. Some states, like Texas, require the owner be public and the actual owner of the LLC.
- smsm42 2y agoWhy is it strange? I do not see why there would be an expectation that details of company's investor relationships would be known to people that have nothing to do with company's business. "Pretty interesting" doesn't sound like a good justification.
- numpad0 2y agoIt 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/Number_of_X_Twitter_Users_by_Country_2024.png https://cdn.shopify.com/s/files/1/0840/8370/3830/articles/Nu...