Court Unseals List of Investors in Elon Musk's X

A federal judge has ordered the unsealing of the investor list for Elon Musk's social media platform X, formerly Twitter, revealing notable shareholders including Saudi Prince Al Waleed bin Talal al Saud, Jack Dorsey, Sean 'Diddy' Combs, and venture capital firms like Andreessen Horowitz and Sequoia Capital. The move follows a motion by journalist Jacob Silverman to disclose who financially supports X, emphasizing the public's right to know about ownership that shapes discourse. Musk acquired the platform for $44 billion in 2022, but its estimated value has since dropped significantly to around $14.1 billion, leading to concerns about its financial stability. The disclosure comes amidst ongoing scrutiny regarding Musk's management of the platform, including criticisms of content moderation and layoffs. X is currently trying to diversify its revenue sources beyond advertising, integrating features like premium subscriptions and AI tools. The court's decision has sparked discussions about transparency and the influence of major investors on public platforms.