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SAN FRANCISCO – The enigmatic investor crowd behind Elon Musk's $44 billion acquisition of the platform formerly known as Twitter, now X, has been unveiled following a court order. Tuesday's judicial directive opened the roster of enthusiasts from Silicon Valley's upper echelons to Sean "Diddy" Combs' associated fund, illuminating the power players betting on Musk's vision.
Among the nearly 100 entities detailed, reiterations of certain influencers emerged due to multiple fund links. Major names headlining this list include the venture capital behemoth Andreessen Horowitz, Kingdom Holding Company's Saudi Prince Alwaleed bin Talal, Twitter's originator Jack Dorsey, and Joe Lonsdale's 8VC, which has roots in the data analysis empire Palantir.
Beyond the prominence lies the lesser-known UnipolSai S.P.A. from Italy's financial service sphere. While X has remained silent to the list's unveiling, this disclosure paints a comprehensive investor collage. The revelation stems from a lawsuit by former Twitter employees, suggesting their arbitration agreements were breached post-acquisition.
Independent tech journalist Jacob Silverman's public interest plea, backed by the Reporters Committee for Freedom of the Press, was well received. Judge Susan Illston's ruling shone light upon the ownership of a digitally influential entity.
Despite its star-studded support, X's business path under Musk appears turbulent. Initiatives like subscription services and chatbots coexist with reported revenue struggles and unsavory content spikes. Such paint an uneasy picture, echoed by Fidelity's valuation markdown on its X investment and banks' hesitance to offload associated loans.
In an aggressive strategic pivot, Musk has used the upcoming presidential election as leverage to boost user numbers and platform activity. Aligning with a politically right-wing audience, Musk's endorsement of Trump and claims of app download spikes stir debate on X's future discourse shaping.