8 Comments

Great job getting the X shareholder list unsealed Jacob. The focus is understandably on the well-known names and sources of potential foreign influence on the list, but I think everyone is ignoring the elephant in the room. There are more than 25 mutual funds managed by Fidelity Investments on the list, including its Puritan, Blue Chip(!) and Mt. Vernon funds. Sean “Diddy” Combs can do whatever he wants with his money, but Fidelity risked the savings of regular people and retirees in a company Elon Musk didn't really want to buy.

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Good point

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kinda depends on what those fidelity funds actually are tbh... fidelity manages money for every kind of person (or corporate person) so you'd need a lot more detail before concluding it's definitely money from regular people and retirees.

(not saying it isn't, just saying there's probably thousands of funds under the fidelity umbrella that start with "fidelity blue chip")

also fwiw some of them could have been shareholders before Elon bought the company out who just decided to hang on to their shares (which is what at least some of the saudis did, though they could have also bought more equity with musk, TBD)

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Very helpful. Thanks for your comment.

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anytime. unrelated but if you're a national security reporter my last post may be of great interest to you: https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers

ctrl-f "korea" if the intro feels a bit slow

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This stuff is waaaay over my head but I am finding it fascinating anyway 🤓

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if you thought the north korea content in my other post had some national security implications then you should definitely read my latest post about all the russian and chinese money laundering facilitated by the chair of trump's transition team: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered

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Very good journalism! 👏🏻👏🏻👏🏻

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