NPR quits Twitter after being labeled as 'state-affiliated media'

Re:NPR quits Twitter after being labeled as 'state-affiliate... by Andrex on Wednesday April 12, 2023 @03:07PM (#35545065)

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.

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Re:NPR quits Twitter after being labeled as 'state-affiliate... by codeddesign on Wednesday April 12, 2023 @03:51PM (#35545764)

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.

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Re:NPR quits Twitter after being labeled as 'state-affiliate... by BulgarianIdiot on Thursday April 13, 2023 @05:56AM (#35553210)

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

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