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Diddy Among Investors Who Helped Elon Musk Purchase Twitter, New Legal Documents Reveal

August 24, 2024 by newhiphopnews

Newly unsealed legal documents have shed light on an unexpected connection between two of the most influential figures in business and entertainment: Sean ‘Diddy’ Combs and Elon Musk. According to TMZ, the Bad Boy Entertainment CEO was one of the investors who helped Musk acquire Twitter, now rebranded as X, for a staggering $44 billion in 2022.

The documents, made public on Wednesday, list nearly 100 entities as shareholders in the platform. Diddy’s involvement is noted under ‘Sean Combs Capital, LLC,’ alongside other high-profile names such as hedge fund billionaire Bill Ackman, Saudi Prince Al Waleed bin Talal Al Saud, and Twitter’s original founder, Jack Dorsey.

While the exact amount Diddy invested in the platform remains unclear, this revelation comes at a time when the music mogul is facing serious legal troubles. Diddy, once a dominant force in the music industry, is now embroiled in sexual trafficking and assault allegations, casting a shadow over his once-glittering reputation.

The disclosure of this list follows a motion filed by independent tech journalist Jacob Silverman, who sought transparency on the matter in the public’s interest. The unsealing of the shareholders’ list also coincides with ongoing legal battles between former Twitter employees and the company, who claim that Twitter violated their arbitration agreements after Musk’s takeover.

Diddy and Musk’s relationship isn’t entirely new, as the two were spotted together at a Dave Chappelle comedy show in 2022. However, the full extent of Diddy’s financial involvement in Musk’s acquisition of Twitter has only now come to light.

As of August 2024, it remains unclear who among these investors still holds shares in the company. With both men navigating turbulent times—Musk with the challenges of his X rebranding and Diddy with his legal issues—this revelation adds another layer of complexity to their public narratives.

The post Diddy Among Investors Who Helped Elon Musk Purchase Twitter, New Legal Documents Reveal first appeared on The Source.

The post Diddy Among Investors Who Helped Elon Musk Purchase Twitter, New Legal Documents Reveal appeared first on The Source.

Diddy Assisted Elon Musk In Taking Over Twitter

August 23, 2024 by newhiphopnews

Diddy is in the news for very different and more harrowing reasons these days, but fans may be surprised at his tech investments. Moreover, a new document went public on Wednesday (August 21) that detailed the nearly 100 investors that helped Elon Musk turn Twitter into X with his $44 billion purchase of the platform in 2022. The Bad Boy mogul represented himself through Sean Combs Capital LLC and joined others like Bill Ackman, Twitter founder Jack Dorsey, and Saudi Prince Al Waleed bin Talal Al Saud. However, it’s unclear how much he invested in the social media site. Also, the public doesn’t know who currently holds shares in the company.

As for Diddy and Elon Musk’s relationship, they went to a Dave Chappelle show in 2022, so they have some amicable history together. Of course, they both have much bigger fish to fry these days, most notable the former’s various sexual assault, abuse, and sex trafficking accusations. As for this situation, the most recent update we received concerned preparations from his legal team to combat these lawsuits. The Combs camp has vehemently denied any and all allegations that have not been proven true.

Diddy Performing In London

Diddy Elon Musk Twitter Investment Bid Hip Hop News — LONDON, ENGLAND – NOVEMBER 07: Diddy performs at O2 Shepherd’s Bush Empire in a special one night only event at O2 Shepherd’s Bush Empire on November 07, 2023 in London, England. (Photo by Samir Hussein/Getty Images for Sean Diddy Combs)

Diddy aside, Elon Musk is instead dealing with the harsh political climate of today’s Twitter, and Plies has a theory as to what his solution may be. “I Can See Elon Shutting Down Twitter When Trump Continues To Fall Behind In The Polls,” he tweeted. “He Brought Twitter To Influence The Election. An Before He Accepts A Trump Loss I Believe He’ll Shut It All Down!!!!!” Many others share a similar sentiment (however unlikely), but we can’t really say much about it until Election Day rolls around in the United States.

Meanwhile, 50 Cent recently reacted to a bizarre Diddy story about a cartel member suing him for refusing to traffic minors. It’s a strange claim, especially since many wondered whether or not this would constitute as self-snitching. Regardless, it’s one of a lot of obstacles in his way, a process that has been wild to witness on Elon Musk’s platform. We’ll see what happens with these controversial tycoons and the platforms and legacies that they must contend with.

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Diddy Named Among Investors In Elon Musk’s Twitter Takeover

August 22, 2024 by newhiphopnews

According to a newly unsealed list of the platform’s shareholders which was first unveiled by The Washington Post, troubled Bad Boy founder Diddy was one of the investors who helped Elon Musk turn Twitter into X after he purchased it for $44B in 2022.

The document, which went public today(August 22), lists almost 100 entities as part-owners, with Diddy listed under the name ‘Sean Combs Capital, LLC’ alongside other notable names such as Bill Ackman, Saudi Prince Al Waleed bin Talal Al Saud and Twitter founder Jack Dorsey.

How much Diddy invested into isn’t clear and names of current company shareholders are not known to the public.

The full revealing comes after U.S. District Judge Susan Illston initially granted a motion filed by independent tech journalist Jacob Silverman.

Silverman stated he was seeking transparency in the best interest of the public. Former Twitter employees have alleged in court the company violated their arbitration agreements by not paying certain fees after Musk took over, forcing the company to file for the sealed list.

The post Diddy Named Among Investors In Elon Musk’s Twitter Takeover first appeared on The Source.

The post Diddy Named Among Investors In Elon Musk’s Twitter Takeover appeared first on The Source.

Donald Trump Believes Illegal Immigration Saved His Life

August 13, 2024 by newhiphopnews

Last night, Donald Trump and Elon Musk joined forces for a Twitter Spaces conversation that lasted hours. Overall, the two spoke on various different topics, specifically as it pertains to the United States and the upcoming election. A hot topic of debate throughout all of this involved none other than illegal immigration. Trump believes that the United States needs to secure its border and stop people from coming in.

He has blamed Kamala Harris for the border situation and is not letting up on the gas. Ironically enough, Trump is also crediting illegal immigration for saving his life. Last month, there was an assassination attempt on the former President. Before the shot, he turned his head to the side which caused the bullet to graze his ear instead of his head. Trump had turned his head so he could address a graphic that was discussing illegal immigration. Put two and two together, and you get the former President’s assertion.

Donald Trump x Elon Musk

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A post shared by HOLLYWOOD UNLOCKED (@hollywoodunlocked)

Many online found this to be an eye-roll-inducing comment and it is easy to see why. However, his base has been loving this. Around 1 billion people watched last night’s Twitter space, and there is no doubt that this will continue to be a story over the coming days. Only time will tell whether or not it helps Trump in the polls, as he continues to slip in all of the key battleground states.

Let us know what you think about all of this, in the comments section down below. Do you believe that the Twitter space between Elon Musk and Trump was a success? Or do you believe it was actually a huge failure? Additionally, stay tuned to HNHH for the latest news and updates from around the world. We will continue to keep you informed on world events and everything happening in the political, music, and entertainment worlds.

The post Donald Trump Believes Illegal Immigration Saved His Life appeared first on HotNewHipHop.

Plies Predicts Elon Musk Will Shutdown X In An Effort To Help Donald Trump

August 12, 2024 by newhiphopnews

Plies says he believes Elon Musk purchased Twitter and rebranded it as X in an effort to influence the upcoming 2024 Presidential Election. He explained his thinking in a post on the platform, last week. He says that as Donald Trump continues to fall behind in the polls to Kamala Harris, the billionaire is going to manipulate social media.

“I Can See Elon Shutting Down Twitter When Trump Continues To Fall Behind In The Polls,” Plies wrote. He Brought Twitter To Influence The Election. An Before He Accepts A Trump Loss I Believe He’ll Shut It All Down!!!!!”

Elon Musk Speaks During Cannes Lions International Festival Of Creativity

CANNES, FRANCE – JUNE 19: Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024, in Cannes, France. (Photo by Marc Piasecki/Getty Images)

Musk has been supportive of Trump throughout his latest campaign for the presidency. At a rally in Georgia earlier this month, Trump remarked: “I’m for electric cars. I have to be because, you know, Elon endorsed me very strongly. So I have no choice.” Then, last Thursday, he held a press conference at Mar-A-Lago where he revealed: “Elon called me, as you know he endorsed me full-throated, a great endorsement. I respect Elon a lot, he respects me. He told me he is going to have a show Monday, I think Monday night, and he invited me so it’ll be very interesting. A lot of people are talking about it. I look forward to it.” Check out Plies’ latest post on Musk and Trump’s relationship below.

Plies Speaks On Elon Musk & Donald Trump

I Can See Elon Shutting Down Twitter When Trump Continues To Fall Behind In The Polls. He Brought Twitter To Influence The Election. An Before He Accepts A Trump Loss I Believe He’ll Shut It All Down!!!!!

— Plies (@plies) August 7, 2024

Plies has been a vocal critic of Donald Trump for years at this point. Since Joe Biden’s decision to not seek reelection and Kamala Harris replacing him as the Democratic party candidate, he’s been a vocal supporter of her ticket with Tim Walz. Be on the lookout for further updates on Plies as well as the 2024 Presidential Election on HotNewHipHop.

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Don Lemon Sues Elon Musk For Allegedly Refusing To Pay Him For Twitter Deal

August 1, 2024 by newhiphopnews

Don Lemon and Elon Musk’s working relationship certainly soured quickly after their interview for their media partnership on Twitter went less than stellar. After the former’s show on the social media platform was swiftly canceled after just this one episode, it seems like he wants to seek even more retribution for this breakdown. Moreover, the journalist reportedly filed a lawsuit against the tech tycoon on Thursday (August 1), according to supposed court documents reportedly obtained by TMZ. Specifically, Lemon claims that Musk refused to honor his promise to pay him for this partnership after they fell out following their interview.

Furthermore, Don Lemon specifically claims that Elon Musk verbally promised to pay him $1.5 million a year for making content for Twitter, given that he needed a boost in advertisers after a dip in revenue. He also alleges that Musk promised him a share of the advertising revenue generated by the posts, as well as other monetary incentives corresponding to his growth and popularity on the social media platform. As such, Don believes that the Tesla magnate is breaking the law by walking back on this arrangement, although he admitted that there isn’t a written contract in place concerning these terms.

Don Lemon Sues Elon Musk

Still, Don Lemon maintains that Elon Musk gave him his confident assurance about this payment structure and other aspects via a phone call. In fact, he also claimed that Musk promised to continue to support him financially even if he didn’t like the content that he brought to the table. Don’s first project with Twitter was the Elon interview, and his responses to drug use and politics questions made the writing on the wall clear. But he claims that he had already been pressured to announce this partnership at the CES Vegas tech conference and risked losing it if he didn’t go to the conference along with Twitter’s CEO Linda Yaccarino.

“X’s executives used Don to prop up their advertising sales pitch, then canceled their partnership and dragged Don’s name through the mud,” Don Lemon’s lawyer Carney Shegerian remarked concerning the lawsuit alleging fraud, negligent misrepresentation, name and likeness misappropriation, breach of contract, and other accusations for which he seeks unspecified damages. “His approach was basically just ‘CNN, but on social media,’ which doesn’t work, as evidenced by the fact that CNN is dying,” Elon Musk had written of Lemon. “And, instead of it being the real Don Lemon, it was really just Jeff Zucker talking through Don, so lacked authenticity. All this said, Lemon/Zucker are of course welcome to build their viewership on this platform along with everyone else.”

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Elon Musk Commits Unfathomable Amounts Of Money To Help Donald Trump Get Elected

July 16, 2024 by newhiphopnews

Elon Musk is one of the richest men on the entire planet. However, he has been under quite a bit of scrutiny as of late. Overall, he has made some bizarre comments on social media and has even co-signed some pretty racist tweets. His rhetoric has gotten more and more right-wing ever since he bought Twitter, and many are concerned about his influence. Having said all of that, it appears as though Elon Musk is ready to help Trump get elected later this year.

According to AlJazeera, Musk is set to give the America PAC $45 million every single month from now until the election. That means that Musk could be giving upwards of $180 million. Considering how much Musk is worth, it isn’t all that much money. However, it will certainly go a long way towards Trump’s campaign. Based on the initial report, it would appear as though this money is set to go towards canvassing efforts as well as get-out-to-vote campaigns in battleground states.

Elon Musk Supports Trump

It remains to be seen how successful this plan will be for Elon and Trump. However, it does appear as though Trump is ahead in the polls right now. With Biden’s cognitive decline at the top of people’s minds, Trump has been able to take full advantage. Only time will tell how the election shapes out as November continues to draw closer and closer.

Let us know what you think about this move from Elon Musk, in the comments section down below. What do you make of Musk’s pivot to the far right? Do you believe that these donations will push Trump into power for yet another term? Additionally, stay tuned to HNHH for the latest news and updates from around the world. We will continue to keep you informed on world events, and even politics from time to time.

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Swizz Beatz Dismisses Backlash To His & Timbaland’s “Verzuz” Deal With Elon Musk

June 21, 2024 by newhiphopnews

The announcement of a new exclusive Verzuz distribution partnership with Twitter had many fans calling series heads Swizz Beatz and Timbaland out for allegedly “selling out.” Moreover, this new initiative became news on Juneteenth, and followed much controversy after Musk supported a tweet on his platform that provided false comparative data of Black-on-white murder. However, Swizz took to Instagram on Friday morning (June 21) to double down on his support and on his belief that he and Timbo are doing what’s right and best for them and the series without compromising on their values. He included a couple of other pictures of the meeting in which they apparently sealed the deal.

“We will show you better than tell you. Blessings to all,” Swizz Beatz captioned the social media post. In the comments section of that post (which you can find below), he addressed some specific concerns. “But nobody said anything before we been on that platform since Verzuz started,” the producer replied to a comment stating that folks have valid reason to be skeptical about this. “Verzuz been on this platform since day one !” he responded to a complaint that suggested they do this with another social media site. “People want to talk with out doing the homework . The convo always been on that platform King bless up!! and we’re 100% black owned that’s not enough we own 100% of the IP and company!”

Swizz Beatz’s Latest IG Post: See Comments For His Retorts

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A post shared by Swizz Beatz (@therealswizzz)

However, Swizz Beatz did agree with a bizarre comment about his new Instagram post being what they should’ve posted on Juneteenth. In addition, he had this to say about someone that criticized him and Timbaland for apparently selling out and doing something that the people aren’t feeling. “Trust me that was the last thing we did was sell out [crying-laughing emoji] relax you will understand in 1min.”

Meanwhile, Swizz Beatz teased a lot when it came to the reunion of Tha Dogg Pound that landed earlier this year. Hopefully this means that there’s much more new music on the way as well, regardless of what happens with Verzuz. It’ll be exciting to see how it develops, even with these grievances and concerns in mind. All we can hope for is that he and Timbaland got a much better understanding of a hopefully beneficiary deal than we did.

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Elon Musk Faces Backlash For Sharing Racist Post About Crime Statistics

June 19, 2024 by newhiphopnews

Elon Musk is facing backlash on social media after sharing a racist post on X (formerly Twitter) about the total number of murders between the races. The post compares the total number of killings between the white and Black populations from 1950 and 2024. Disparities in homicide totals have commonly been used as a way of implying that Black Americans are inherently dangerous.

The post came in response to Sneako being punched by a security guard at the America First Political Action Conference. The user wrote: “It’s true that things have changed since the 1950s. 1950s: Blacks killed about 600 more whites each year than whites killed blacks. Now: Blacks kill nearly 1,500 more whites each year than whites kill blacks.” Musk responded with an exclamation point.

Elon Musk Speaks At Cannes Lions International Festival Of Creativity

CANNES, FRANCE – JUNE 19: Chief Technology Officer of X Elon Musk speaks onstage during the “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” session at the Lumiere Theatre during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. (Photo by Richard Bord/WireImage)

Predictably, he’s facing tons of backlash for the move. When The Neighborhood Talk shared it on Instagram one user commented: “Those stats are literally NOT TRUE [laughing emojis] this is exactly why r@cism will never end…people like this just keep the fire lit and we’ll forever be divided! Elon knows what he’s doing by going along with it smh…bet y’all will still buy and drive his cars… smh.” Another wrote: “He way more sinister than he shows tryna tell folks lol he brought Twitter for a reason.” Check out Musk’s tweet below.

Elon Musk Shares Racist Post

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— Elon Musk (@elonmusk) June 18, 2024

In addition to the controversial post, Musk has also been making headlines on Wednesday after Swizz Beatz and Timbaland announced they’re bringing Verzuz to X. Be on the lookout for further updates on Elon Musk on HotNewHipHop.

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