Published in Mobiles

Concern over Putin’s financial backing of Twitter

by on27 August 2024


Secret deals

Concern has been raised after it was revealed in a court case that two Russian oligarchs with close ties to Tsar Vladamir Putin fronted up with some of the money for Elon [Look at Me] Musk’s Twitter takeover.

A federal court forced Musk to disclose shareholders for X as part of the ongoing legal battle with former Twitter employees claiming Musk violated their arbitration agreements by withholding certain payments after he bought the social media platform for $44 billion.

On the list where disgraced hip-hop mogul Sean "Diddy" Combs and Silicon Valley investors including Larry Ellison, Marc Andreessen and Bill Ackman.  However, more interesting was venture capital firm 8VC, which is tied to Denis Aven and Jack Moszkowicz, the sons of Russian oligarchs Petr Aven and Vadim Moszkowicz.

Both have strong political and economic ties to Russian President Vladimir Putin. Both men have also been subject to Western sanctions due to their associations with the Kremlin amid the ongoing war in Ukraine.

Since he acquired the platform, Musk has been outspoken regarding his views of Russia as well as the ongoing war, at times calling for the US government to withhold aid to Ukraine.

X users slammed the platform's owner following the investor reveal, noting that the court filing confirmed their belief that Musk's ties to Putin are significant and possibly impacting the platform's functionality.

Last modified on 27 August 2024
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