Court documents reveal that Didi was one of roughly 100 companies that invested in Elon Musk’s controversial acquisition of Twitter, which he renamed X.
As first reported by The Washington Post, a federal judge has ordered Musk’s company to release a list of shareholders in the company, which it acquired for $44 billion in October 2022. The list of shareholders includes Diddy’s “Sean Combs Capital LLC,” as well as Twitter founder Jack Dorsey, Saudi Arabian Prince Alwaleed bin Talal Al Saud and billionaire hedge fund manager Bill Ackman.
The previously confidential investor list was submitted by Twitter after former employees of the company filed a lawsuit against Musk last year for failing to pay arbitration agreements. Lawyers for the Reporters Committee for Freedom of the Press filed a motion in July to undisclose the list, and U.S. District Judge Susan Illston granted the motion on Tuesday.
It is unclear whether everyone on the list will still be a shareholder in 2024, or to what extent they will be involved in the company.
Musk has made significant changes to the social media platform since taking over the company nearly two years ago. He has repeatedly stated that he wants to make X a home for “free speech,” notably reinstating Donald Trump’s account after it was banned for inciting the storming of the Capitol. Lately, Musk has mostly spent his time responding to racist dog whistles and typical right-wing inflammatory comments.
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Diddy, meanwhile, has been accused of sexual assault and misconduct in multiple lawsuits and has been absent from public view since making the investment. The allegations against the Bad Boy Records founder began when his ex-girlfriend, Cassie, filed a lawsuit alleging years of abuse, sex trafficking and rape, though the suit was quickly settled. Other lawsuits have followed, including one filed this month.