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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 ...
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 list is the public’s first complete look at who co-owns the app since Musk bought the company (called Twitter at the time) and took it private in 2022. It’s not clear how current the list is.
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.
Musk assumed the position of CEO, [185] [186] merging the company with X Holdings and dissolving Twitter's board of directors. [187] With this merger, Twitter ceased to be an independent company, with X Corp. later created in March 2023 to house the company. [188] [189] Musk uses the title "Chief Twit" to refer to his position as CEO. [190]
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.
A beneficial shareholder is the person or legal entity that has the economic benefit of ownership of the shares, while a nominee shareholder is the person or entity that is on the corporation's register of members as the owner while being in reality that person acts for the benefit or at the direction of the beneficial owner, whether disclosed or not.