Elon Musk denies that FTX founder has shares in Twitter

Elon Musk denies that FTX founder has shares in Twitter

  • In January, FTX raised more than $32 billion in funding from Silicon Valley investors.

  • The bulk of FTX’s business is outside the United States in tax havens.

  • Elon Musk bought Twitter on October 27 for $44 billion.

Elon Musk’s name has been trending in recent months, but again the businessman comes out and this time for denying that Sam Bankman-Fried, founder of FTX, has shares in Twitter.

A fierce, Elon Musk rejected the reports Posts that disgraced FTX CEO Sam Bankman-Fried, who owns shares of Twitter.

It was through a series of tweets made this Wednesday afternoon, where the billionaire criticized Semafor for its report on “fake news” alleging that Bankman-Fried turned its $100 million holdings, when it was public, into private stocks, Fox News reported.

“All public holders of Twitter were allowed to transfer their shares to Twitter as a private company, but he didn’t,” tweeted the new Twitter boss, the South African considered the world’s richest man.

Musk also indicated that his information falsely made it appear that he did it, when in fact he owns zero percent.

Recall that Semafor, which launched last month with Bankman-Fried as one of the startup’s main investors, said that the fallen crypto king owned a sizeable chunk of Twitter, according to an FTX balance sheet prepared after Musk completed his acquisition. October 1st.

“SBF/FTX does not own shares in Twitter,” Musk said, referring to the better-known nickname of Bankman-Fried.

For his part, Semafor editor-in-chief Ben Smith defended his outlet’s reports and produced the alleged private exchange between Musk and Bankman-Fried, where Musk appears to encourage the FTX founder to roll his shares.

In another tweet, Musk again discredited the report and challenged the independence of Semafor.

Following the controversy, technology reporter Kara Swisher joined the accusations, noting that of course Elon took the dollars and then “dipped” into SBF.

Let’s remember that Elon Musk bought Twitter on October 27, after a long novel, the purchase of the blue bird social network. The purchase of Twitter was for 44 billion dollars and that the social network registers, according to data from its report, in the last fiscal period, that its total worldwide revenues amounted to more than 5 billion US dollars, compared to three thousand 720 million dollars of the previous year.

Likewise, in recent days the controversy has accompanied the FTX cryptocurrency platform that filed for the so-called “chapter 11” of the US bankruptcy law and the CEO and founder, Sam Bankman-Fried, submitted his resignation.

Given that, investors who have their savings in FTX are not sure that they will get their money back. The FTX collapse, if it comes to fruition, will be the largest crypto-related bankruptcy in history.

Again, Musk is linked to a controversial case, so his name is in the published opinion, leaving more doubts about Twitter, after the uncertainty that is registered by all the changes he has made with his arrival on one of the social networks. most important and used in the world.

Now read:

Mercedes evaluates whether to cancel its advertising agreement with FTX

Binance does not rescue FTX: what will happen to the second exchange in the world?

A cryptocurrency exchange wants to buy… Goldman Sachs!

Leave a Comment

Your email address will not be published. Required fields are marked *