Tim Pool on twitter: what the evidence says · JRE #1258
SUBJECT: TWITTER
The short answer
Tim Pool claims a Saudi prince owns approximately 6% of Twitter's shares. Tim Pool referenced a Saudi prince owning roughly 6% of Twitter, a figure in the range of what Prince Alwaleed bin Talal and his firm Kingdom Holding Company (KHC) had long disclosed.
Not a true/false call. Every claim is logged with its sources; read the exhibits below.
I believe as a Saudi prince owns what 6% of Twitter. So when I, is that true? I'm just want to make sure it's
What the evidence says 01 / RECORD
Tim Pool referenced a Saudi prince owning roughly 6% of Twitter, a figure in the range of what Prince Alwaleed bin Talal and his firm Kingdom Holding Company (KHC) had long disclosed. Alwaleed publicly cited a 5.2% Twitter stake as early as 2015 and repeated that figure when rejecting Elon Musk's takeover bid in April 2022. A Schedule 13D filed with the U.S. Securities and Exchange Commission on May 9, 2022 shows Alwaleed's aggregate beneficial ownership (personal shares plus KHC's holding) at 34,948,975 shares, equal to 4.6% of Twitter's outstanding common stock as of April 22, 2022. The commonly cited historical figure (5.2%) and the SEC-confirmed contemporaneous figure (4.6%) both fall somewhat below the 6% Pool cited, making his number a modest overstatement, though directionally correct that a Saudi prince held a single-digit-percentage stake in Twitter. By October 2022, after Musk's acquisition closed, Alwaleed and KHC rolled their stake into the newly private company, becoming its second-largest shareholder group after Musk.