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by Andrex 1169 days ago
Twitter doesn't exist anymore (as of yesterday[1]), so the Saudis' ownership shares likely transferred to X Corp.

How much of X is now owned by Saudi Arabia is the real question.

1. https://arstechnica.com/tech-policy/2023/04/twitter-no-longe...

1 comments

Large shareholders were moved to equity upon purchase.

In other words..the Saudi you are referencing was a large shareholder of the “Old Twitter”.

That’s along the lines of “how much did Russia fund Facebook”

VTB (sanctioned bank) funded Facebook in the tune of $1bn. It also funded Twitter in 2011 for $191m.

Buying shares is not funding. Unless the shares are emitted from the co itself. Which happens during IPO and dilution only.