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Twitter investor list released

A federal judge has ordered Elon Musk’s X to make public its list of shareholders, providing an official glimpse into the investors who supported his $44 billion acquisition of the social media platform in October 2022. 

The Washington Post, which first made the unredacted document public, reports that the list includes nearly 100 entities with stakes in X Holdings Corp.

Among the prominent investors are well-known Silicon Valley figures such as venture capital firm Andreessen Horowitz, Sequoia Capital Fund, and Twitter founder Jack Dorsey. Saudi Prince Alwaleed bin Talal al Saud and 8VC, a venture capital firm co-founded by Palantir co-founder Joe Lonsdale, are also named. The list also includes a fund associated with the disgraced hip-hop mogul Sean “Diddy” Combs.

You can read more on the matter here.

What’s going on?

• CUPE Board Demands Fred Hahn To Resign Over Offensive Video (theDeepDive)

• Canada’s biggest railways lock out workers after failed negotiations with union (Globe)

• Harris Supports Biden’s Capital Gains Tax Proposal (theDeepDive)

• July home sales break a four-month losing streak as supply rises nearly 20% over last year (CNBC)

• Authors Sue Anthropic for Alleged ‘Large-Scale Theft’ of Copyrighted Books (theDeepDive)

• Man opens plane's door and walks on wing at Australian airport before he's arrested (CTV)

• Musk’s Twitter Deal Becomes Worst Merger Loan for Banks Since 2008 Crisis (theDeepDive)

• Bodies of Mike Lynch and four yacht guests pulled from Bayesian wreck (FT)

• Chinese Mining Giant Zijin to Invest $100 Million in Kazakhstan’s Mineral Sector (theDeepDive)

• Exclusive: Disney-Reliance offer concessions for India merger, but no cricket rights sale (Reuters)

• Amazon to Acquire AI Chipmaker Perceive for $80 Million (theDeepDive)

• How Taylor Swift Fans Broke Economics (WSJ)

What’s the latest?

• Rail Shutdown: Canada is facing an unprecedented halt in freight traffic on its two largest railways, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd., as a result of failed contract negotiations with 9,300 workers represented by the Teamsters Canada Rail Conference. The lockout, which has paralyzed supply chains and disrupted commuter rail services in major cities like Toronto, Montreal, and Vancouver, is causing widespread economic disruption.

• Frill-less No Frills: Loblaw is launching a new ultra-discount grocery store concept under its No Name brand, with the first three stores set to open in Ontario in September. These stores will focus on cost savings by reducing complexity and operating expenses, featuring a limited selection of around 1,300 products and reusing fixtures to keep costs low. The No Name stores claims it will offer prices up to 20% cheaper than comparable products at nearby discount stores.

• Chilean Lithium: Chile's Atacama salt flat is experiencing subsidence at a rate of 1 to 2 centimeters per year due to lithium brine extraction, as per a University of Chile study. The study, using satellite data from 2020 to 2023, indicates that the sinking is concentrated in areas where lithium companies are most active. The extraction process depletes aquifers faster than they can recharge, causing the ground to sink.

• Russian Oil: In July, India surpassed China as the world's largest importer of Russian oil, with Indian refiners buying 2.07 million barrels per day, a record 44% of India's total oil imports. This shift occurred as Chinese refiners reduced their purchases due to lower profit margins.

• Mike Lynch: The body of British tech entrepreneur Mike Lynch was recovered from the wreckage of his family's yacht, the Bayesian, which sank off the coast of Sicily during a storm earlier this week. Lynch's 18-year-old daughter, Hannah, remains missing, with authorities fearing she may have been swept out to sea.

Is Reddit a buy?

The stock market and stuff

• Regulatory Scrutiny in the U.S. Drives TD Bank to a Rare Loss in Q3 2024 (theDeepDive)

• Peloton posts small rise in sales as turnaround takes root, shares jump (Reuters)

• Chinese Mining Giant Zijin to Invest $100 Million in Kazakhstan’s Mineral Sector (theDeepDive)

• Cybersecurity In Focus At “Early Stages Of A Bull Market” (theDeepDive)

• Philadelphia Fed President Harker advocates for interest rate cut in September (CNBC)

In the juniors

• Patriot Battery Metals’ Flagship Project PEA Reports $2.9 Billion After-Tax NPV8 (theDeepDive)

• Massive Layoffs Loom as Postmedia Acquires SaltWire Network (theDeepDive)

• VERSES AI Concludes First Phase Of Project With NASA’s JPL (theDeepDive)

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