Tech

Elon Musk denies report FTX’s Sam Bankman-Fried has Twitter shares: ‘He owns zero percent’


A fiery Elon Musk pushed again on revealed stories that disgraced FTX CEO Sam Bankman-Fried owns Twitter shares.

In a sequence of tweets Wednesday afternoon, the billionaire called out Semafor for its “fake news” report that alleged Bankman-Fried rolled his $100 million holdings of Twitter, when it was public, into personal shares, in keeping with Fox News.

“All public holders of Twitter were allowed to roll their stock into Twitter as a private company, but he did not do so,” Twitter’s new boss tweeted. “Your reporting made it falsely sound like he did, when in fact he owns 0%.”

Semafor — which launched last month with Bankman-Fried as one of many startup’s major buyers — said the fallen crypto king owned a large chunk of Twitter, in keeping with an FTX steadiness sheet ready after Musk accomplished his takeover on Oct. 28 after which circulated to buyers.

“SBF/FTX do not own shares in Twitter,” Musk mentioned, referring to Bankman-Fried’s better-known moniker.

Elon Musk is accusing Bankman-Fried of “bribing media.”
Bloomberg through Getty Images

Semafor’s Editor-in-Chief Ben Smith defended his outlet’s reporting and produced the alleged personal change between Musk and Bankman-Fried, the place Musk appears to encourage the FTX founder to roll his shares.

Musk once more debunked the report and challenged Semafor’s independence in a later tweet.

“Semafor is owned by SBF. This is a massive conflict of interest in your reporting.”

Musk additionally famous that Bankman-Fried invested in Vox and The Intercept.

“If SBF was as good at running a crypto exchange as he was at bribing media, FTX would still be solvent!” jabbed Musk.

Picture of Twitter banner hanging from the New York Stock Exchange.
Elon Musk by means of Twitter is taking intention at Kara Swisher, a outstanding tech reporter.
AFP through Getty Images

Renowned tech reporter Kara Swisher joined the fray and sided with Semafor.

“Of course Elon took the $ and then dunked on SBF, because it is all a game that you all aren’t supposed to see,” she tweeted

Musk responded, “There was a time when you cared about the truth. That is long gone.”

Musk additionally discredited the same declare about Twitter’s ties to Bankman-Fried that was revealed by Business Insider.

“Sam Bankman-Fried reportedly owns a $100 million stake in Elon Musk’s Twitter,” a information headline from the outlet learn.

To which Musk replied: “[Business Insider] is not a real publication.”

Fox News contributed reporting



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