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Sean 'Diddy' Combs revealed as one of the investors in Elon Musk's X launch


A document unsealed on Wednesday revealed that investors in Elon Musk’s X (formerly Twitter) include notable figures such as Sean "Diddy" Combs, Bill Ackman, Larry Ellison, Marc Andreessen, Saudi Prince Alwaleed bin Talal al Saud, and Twitter founder Jack Dorsey. The disclosure is part of a lawsuit filed by former Twitter employees, accusing Musk of violating arbitration agreements by failing to pay certain fees after acquiring the platform. The document lists nearly 100 groups with stakes in the company, highlighting the high-profile backing behind Musk's vision for X.

The recent filing offers a glimpse into the investors who helped fund Elon Musk’s $44 billion acquisition of X (formerly Twitter), a platform considered one of the most influential global town squares due to its vast international reach. X had initially contested the requirement to publicly disclose the names of its stakeholders in the case. In a corporate disclosure statement, X claimed that “no publicly held corporation owns 10% or more” of its stock without naming specific entities.

However, a journalist and the Reporters Committee for Freedom of the Press moved to intervene, arguing that the public has a significant interest in understanding the financial interests behind a platform so crucial to global communication and free speech. This move underscores the ongoing debate over transparency and the power dynamics shaping the media landscape on one of the most-used social media sites.

On Tuesday, U.S. District Judge Susan Illston ruled that there was no scandalous information or trade secrets in the investor disclosure related to Elon Musk's X platform, which was filed under seal in June. Among the few entertainment figures listed is Sean Combs' investment vehicle, Sean Combs Capital. The document does not specify the amount of Combs' investment.

Since Combs' involvement with X in 2022, he has faced multiple lawsuits accusing him of sexual assault and battery, and is under federal investigation for sex trafficking. Combs has denied the allegations, though a 2016 surveillance video, shared by CNN in May, showed him aggressively interacting with his then-girlfriend, Cassie Venture.

The disclosure came after X was ordered to file an unredacted version of the list due to a legal rule in the Northern District of California federal court, which requires the identification of entities with a financial stake in the litigation. This order came after X removed the case from state court to federal court following the lawsuit's filing.

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