08-25-24 FED Swimming Monkey nEWS PM

Judge Forces Musk to Show the Shareholders for X

Author

Daniel Belyaks
August 25, 2024

Your Evening News

Inspirational Quote

"Leave the gun. Take the cannoli."

Peter Clemenza, "The Godfather"

The Latest News

Elon Musk's X Corp. Forced to Reveal Secret List of Shareholders

In a significant victory for transparency and free speech, a federal court has compelled Elon Musk's X Corp., the parent company of Twitter, to disclose its list of shareholders. The unsealed document, released Wednesday evening, reveals a who's who of high-profile investors, including entities linked to Sean "Diddy" Combs, Bill Ackman, Larry Ellison, and Marc Andreessen.

The lawsuit that led to this disclosure was filed by former Twitter employees who accused Musk of breaching their arbitration agreements by failing to pay them certain fees after he purchased the platform for a whopping $44 billion. The list of nearly 100 groups with a stake in the company also includes Saudi Prince Alwaleed bin Talal al Saud, his investment vehicle, Kingdom Holding Company, and Twitter founder Jack Dorsey.

X Corp. had resisted disclosing the names of its stakeholders, claiming in a corporate disclosure statement that "[n]o publicly held corporation owns 10% or more" of its stock without identifying specific entities. However, a journalist and the Reporters Committee for Freedom of the Press intervened in the case, arguing that "there's a strong public interest in understanding the financial motives that shape free speech on one of the world's most-used social media sites."

U.S. District Judge Susan Illston ultimately ruled in favor of transparency, finding that "There's no scandalous information or trade secrets in the disclosure." The court's decision was likely influenced by X Corp.'s actions, as it had previously removed the case from state to federal court, where specific rules require the disclosure of entities with a financial stake in the litigation.

Advertisement

Could constipation, diarrhea, and digestive discomfort be a sign of something MUCH worse?

World-renowned Dr. Steven Gundry says if you're living with any of these issues, you need to take action right away .

"Digestive issues are your body's signal that something's wrong," he explains, "And the shocking problem that causes gut issues can ALSO cause excess weight gain, fatigue, and joint discomfort. Luckily, there's a simple way to help support your gut health and alleviate these issues — right from home."

After more than 20 years of research, Dr. Gundry has identified a simple way to help stimulate your gut to "flush out" your bowels… while also helping manage your weight and boost your energy.

"When you do this one thing at breakfast, you'll start to notice changes all over your body. In fact, I attribute my significant weight loss to this simple trick."

To date, Dr. Gundry has helped thousands of others transform their body with his "breakfast trick" — including a few high-profile celebrities you likely know.

Dr. Gundry put together a short video to show you how to do it.

Click here to watch the video now.

A Must-Read Tweet

Have a great night!
Sam Bennett

This email contains ads brought to you by our sponsors.