Musk Twitter Purchase Backed by Chinese Communinst Party-Linked Investors

The platform being called on to promote free speech was purchased with the assistance of companies tied to the war on free speech with the CCP.

QUICK FACTS:
  • Companies linked to the Chinese Communist Party are some of the funders of the investments garnered by Tesla CEO Elon Musk to purchase Twitter.
  • According to an investigative report by The National Pulse, a May 4 Securities and Exchange Commission filing dispurses the equity commitment of the Twitter purchase over 12 companies who backed the purchase along with Musk. 
  • Among those 12 companies who provided billions in investment capital is the Chinese Communist Party-linked cryptocurrency exchange platform Binance, whose equity commitment totals $500,000,000.
RESEARCH ABOUT THE CONNECTION BETWEEN TWITTER & CHINA:
  • The SEC documentation explains, “Each Equity Investor listed in the following table has committed to contribute to Parent […] cash in the amount set forth opposite such Equity Investor’s name in the following table in order to fund a portion of the Merger Consideration contemplated by the Merger Agreement.”
  • The National Pulse goes on to explain more about the connection between the investment and the CCP: “Binance China Blockchain Institute, the research institute part of the world’s leading blockchain and cryptocurrency infrastructure provider Binance, today announced a strategic partnership with Zhongshang Beidou Supply Chain Management Group (Zhongshang Beidou), a state-level model enterprise for supply chain innovation and application established by (China) Commercial Network Construction Development Center under the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC).”
BACKGROUND:
  • Musk’s purchase of Twitter has been widely lauded as bringing about the re-birth of Twitter, with conservatives looking for the company to once again allow freedom of speech on its platform.
  • The Tesla CEO has recently denied claims that former President Donald Trump encouraged him to purchase the social media giant.