Russian Oligarch-Linked Fund Tied to Elon Musk's Twitter Purchase
eutoday.net

... An investment fund linked to the sons of Russian oligarchs Petr Aven and Vadim Moshkovich played a role in helping Elon Musk acquire Twitter, now rebranded as X.

This revelation comes from a court document from the U.S. District Court for the Northern District of California, as reported by The Washington Post.

In 2022, Musk finalised the purchase of Twitter for a staggering $44 billion, aided by a variety of financial institutions, banks, and funds. Among the investors identified in 2024 through court-mandated disclosures, the venture capital firm 8VC stands out as one of the 100 largest backers of the acquisition. 8VC, a U.S.-based fund, includes among its personnel the sons of Russian oligarchs Aven and Moshkovich, both of whom have been the subject of Western sanctions due to their associations with Russia's political elite. According to Forbes 8VC invests in companies that fulfil contracts for the U.S. Department of Defence and NATO. ...

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Elon Musk Opposes Aid to Ukraine and Asserts Putin's Unbeatability
eutoday.net

... In a recent discourse on the X Spaces platform reported by Bloomberg, Elon Musk delivered a controversial stance, opposing the provision of aid to Ukraine and asserting Vladimir Putin's invincibility. ...

Elon Musk's X revenue has officially plummeted, new documents show (June 2024)
mashable.com

... By now, you've probably heard about Elon Musk's grand plan to turn X, the social media platform formerly known as Twitter, into an "everything app." One of the major pillars of Musk's reimagining of X includes a payment platform much like PayPal or Venmo.

New documents obtained by Bloomberg shed new light, not only into Musk's financial service vision for X, but also into just how much the company has struggled financially since he acquired it in October 2022.

These new documents are prepared by X and have been submitted to state regulators as Musk's company looks to receive money transmitter licenses " a requirement for anyone looking to provide financial services of this kind. These documents also give the public its first official peek into the company since Musk took X private.
X's revenue has plunged

Now that X is no longer publicly traded, there's a lot we no longer know about the company. Most reports regarding X's revenue troubles, for example, have come from internal leaks.

However, these new documents make it official: According to X, the company's revenue has plummeted since Musk took over. ...