Elon Musk, CEO of Tesla and Chief of Twitter Bankman-Fried, the former CEO of Sam’s bankrupt cryptocurrency exchange FTX, does not own shares in Twitter. This followed an article published by a Bankman-Fried-backed publication that suggested Musk received $100 million from a former FTX executive.
Elon Musk on SBF’s alleged investment in Twitter
Elon Musk, co-founder and former CEO of FTX, said Sam Bankman-Fried (SBF) Revealed that he now owns 0% of Twitter.
The confirmation follows an article published Wednesday by the Bankman-Fried-backed publication Semafor that SBF owns his $100 million stake on his social media platforms. is shown. The article claims that personal texts between Musk and Bankman-Fried and his messages were obtained as evidence of the stake.
Semafor debuted on his October 18th, just weeks before the FTX meltdown began. The crypto exchange filed for Chapter 11 bankruptcy on his November 11th, and SBF stepped down as his CEO.
Musk tweeted on Wednesday. “Semafor is owned by the SBF. This is a major conflict of interest in your report.” I tweeted like your article is a lie.
The editor of the SBF-backed publication tweeted his message out of the text in question on Thursday. Bankman-Fried claimed in his message over text that he owns more than $100 million worth of his Twitter (TWTR) stock and would like to “roll” if possible. Musk returned a standard reply addressed to all his Twitter shareholders. “Please roll over,” he wrote. However, the text message does not confirm whether a transaction has occurred.
A Semafor reporter sent this text message to Bankman-Fried to ensure he owns his $100 million stake on Twitter. I took it as confirmation that I was doing it, and so did Musk when he bought social media. We split the company at the end of October and took it private.
Musk has revealed that all public shareholders of social media companies are allowed to list their shares publicly on his Twitter as a private company. However, Tesla bosses say Bankman-Fried doesn’t own a stake in Twitter because nothing rolled over. “Your report sounded erroneously like him.”
In this article, Musk texted his Bankman-Fried to sell $100 million in stock. But from the text message, it appears that it was SBF who texted Musk and the Tesla CEO didn’t know where the text message came from.
Many on Twitter agreed with Musk that the text message did not prove that SBF had actually passed on the stake to his Twitter, a privately held company. . One user explained:
Apparently he [Elon Musk] wasn’t quite sure who he was talking to, and he gave the same answer he gave publicly It seems that to new business. Musk also denies that it actually happened.
Twitter users also attacked SBF-backed publications for conflicts of interest. “The way they attack anyone near SBF is very wild, but then leave him alone or leave him alone with a slight criticism that you have to reread 3-4 times before it sounds like a criticism. , very little,” noted one. Another user asked: That seems to matter.
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