Elon Musk's X Reveals Diverse Shareholder List
Elon Musk’s company X has recently disclosed its comprehensive list of shareholders from June 2023, following a court-mandated directive. The unveiled roster comprises a mix of high-profile investors and tech industry stalwarts who have thrown their weight behind Musk’s endeavors to privatize the social media platform previously known as Twitter.
The binance-and-sean-diddy-combs/" rel="noreferrer noopener">list includes notable names in the venture capital realm such as Andreessen Horowitz, Draper Fisher Jurvetson, and Sequoia Capital, all of whom had previously endorsed Musk’s acquisition.
binance-on-list-of-x-shareholders">binance Among X Shareholders
Also featuring on the list are luminaries like Oracle co-founder Larry Ellison and cryptocurrency titan binance, underscoring the diverse financial backing for Musk’s ventures. Surprisingly, the roster includes Sean “Diddy” Combs via Sean Combs Capital, whose involvement was not widely known until a report by the Daily Mail shed light on it.
Noteworthy additions encompass Bill Ackman, the activist investor renowned for critiquing institutional practices at Ivy League establishments, who has invested through the Pershing Square Foundation.
Another significant name on the list is Joe Lonsdale’s 8VC, a firm purportedly tied to Russian oligarchs. The roster also showcases shareholders like Twitter co-founder Jack Dorsey and Saudi Prince Alwaleed bin Talal al Saud, who transitioned their original investments in Twitter to stakes in X post Musk’s takeover.
The details of this shareholder list were officially lodged in a court filing on June 9, 2023, but only recently turned public following a legal motion by the Reporters Committee for Freedom of the Press, acting on behalf of journalist Jacob Silverman.
In a blog post, Silverman accentuated that while many backers were already known, the freshly released list furnishes vital insights without divulging specific ownership stakes.
According to Silverman, it serves as "a great starting point for journalists, researchers, regulators, activists, and anyone else keen on understanding the behind-the-scenes workings of this pivotal company."
binance-eyes-global-expansion">binance's Global Expansion Efforts
In recent months, the Financial Intelligence Unit of India (FIU-IND) disclosed that binance successfully news/binance-and-kucoin-granted-approval-by-indias-anti-money-laundering-unit.htm" rel="noreferrer noopener">registered with the regulatory body, marking its return to the country post-navigating regulatory hurdles.
Earlier, the exchange announced securing a license from Dubai’s regulator, VARA, facilitating services to retail, qualified, and institutional clients. Bloomberg reported that the licensing process entailed binance’s founder and former CEO, Changpeng Zhao, surrendering voting control of the Dubai unit.
Moreover, binance unveiled its joint venture crypto exchange binance Thailand earlier this year, in collaboration with Gulf Innova, a Gulf Energy Development subsidiary. binance TH offers digital asset exchange services, including Thai baht trading pairs.
However, it's worth noting that binance has encountered heightened regulatory scrutiny globally. Last year, the Commodity Futures Trading Commission (CFTC) brought charges against binance for allegedly running an illicit digital asset derivatives exchange and flouting federal laws.
Similarly, the US Securities and Exchange Commission filed charges against binance Holdings LTD and ex-CEO Changpeng Zhao (CZ) for alleged operation of unregistered exchanges, broker exchanges, clearing houses, and unregistered securities offerings.
