Elon Musk’s social media app, X, recently revealed a list of 95 co-owners, including a Saudi conglomerate, Binance, and entities tied to Sean “Diddy” Combs and Bill Ackman. The list was made public as part of a lawsuit involving former Twitter employees. The disclosure confirmed that several Musk employees, as well as investors from Twitter’s public days, retain stakes in X. This indicates that some kept their shares or new shareholders joined after Musk acquired the company in 2022. Among the co-owners are Jack Dorsey, co-founder of Twitter, and executives from Musk’s other businesses. Prominent co-owners include Combs and Ackman. Combs is facing lawsuits, including one for sex trafficking, while Ackman is known for his frequent posts on X. Various other entities like Kingdom Holding Co., IMG, and trusts linked to Larry Ellison are also co-owners. X did not respond to requests for comment on the list. The company’s value has reportedly decreased by 71% since Musk’s acquisition, with the platform facing operational challenges due to its association with extremists and a decline in mainstream advertisers. The original article was by tech reporter David Ingram from NBC News with contributions by Lora Kolodny from CNBC.
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