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On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [21] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [12] In the filing, Musk revealed that X Holdings Corp. had $2 million in capital, but X Holdings Corp. would serve as the parent company for X Corp ...
While attorneys for Musk and X argued that, “as a matter of routine practice and policy, X holdings does not publish or make publicly available information regarding its owners/shareholders and ...
Previously, high-profile investors like Fidelity have been connected with X, most notably because the investment vehicle's filings implied a 72% drop in the company's value since Musk took it over.
Lawyers for X sought to keep the list of equity stakeholders private, but a federal judge in California ordered the company to disclose it as part of a lawsuit brought by former Twitter employees ...
In April 2023, Twitter merged with X Holdings [6] and ceased to be an independent company, becoming a part of X Corp. [7] Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was launched that July. By 2012, more than 100 million users tweeted 340 million tweets a day.
A judge ordered X Holdings to unseal its list of shareholders, which revealed notable investors. The list includes Andreessen Horowitz, Fidelity, Sequoia, Saudi Prince Alwaleed, and Diddy.
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
Fidelity was one of several companies that helped Elon Musk acquire social media platform X, formerly known as Twitter, back in 2022. The financial company may have lost money on their investment ...