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News

Elon Musk Continues Speaking About SBF Holding $100 Million Worth Of Twitter Share

November 24, 2022 - Around 2 mins mins to read
Elon Musk and a global news outlet funded by Sam Bankman-Fried got into a Twitter argument after the Twitter CEO called Semafor’s reporting false.
Elon Musk Continues Speaking About SBF Holding $100 Million Worth Of Twitter Share

A Semafor article that claimed Bankman-Fried “contributed $100 million in equity towards the now-private Twitter” based on previously undisclosed communications between the two prompted anger from Musk.

Elon Musk harshly criticized the newspaper Semafor owned by SBF, with the somewhat scathing quote: Journalistic integrity is “trash.”

Musk responded to Semafor Editor-in-Chief Ben Smith after he commented on Musk’s tweet, asking: “How much of you does SBF own?”

Text messages between Musk and Bankman-Fried on May 5 indicate what may have been a joint investment before Musk’s $44 billion purchase of the social media juggernaut, according to Semafor. Bankman-Fried may have rolled a previously acquired $100 million stake in the company into Musk’s buyout.

Musk further confirmed that no Twitter shares are held by SBF as a private company.

Earlier, Elon Musk also responded to another Business Insider report that also wrote about this issue.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

elon musk

Sam Bankman-Fried

SBF

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Elon Musk Continues Speaking About SBF Holding $100 Million Worth Of Twitter Share

Elon Musk and a global news outlet funded by Sam Bankman-Fried got into a Twitter argument after the Twitter CEO called Semafor’s reporting false.
Elon Musk Continues Speaking About SBF Holding $100 Million Worth Of Twitter Share

A Semafor article that claimed Bankman-Fried “contributed $100 million in equity towards the now-private Twitter” based on previously undisclosed communications between the two prompted anger from Musk.

Elon Musk harshly criticized the newspaper Semafor owned by SBF, with the somewhat scathing quote: Journalistic integrity is “trash.”

Musk responded to Semafor Editor-in-Chief Ben Smith after he commented on Musk’s tweet, asking: “How much of you does SBF own?”

Text messages between Musk and Bankman-Fried on May 5 indicate what may have been a joint investment before Musk’s $44 billion purchase of the social media juggernaut, according to Semafor. Bankman-Fried may have rolled a previously acquired $100 million stake in the company into Musk’s buyout.

Musk further confirmed that no Twitter shares are held by SBF as a private company.

Earlier, Elon Musk also responded to another Business Insider report that also wrote about this issue.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News