- Semafor mentioned SBF to be holding a $100 million stake on Twitter.
- Musk straight away replied “Flat wrong” to the query.
As per Semafor, Sam is said to be associated with Twitter. The publication mentioned Sam to be holding a $100 million stake in the micro-blogging social media. Twitter chief Elon Musk completely declines this statement.
No. He may have owned shares in Twitter as a public company, but he certainly does not own shares in Twitter as a private company.
— Elon Musk (@elonmusk) November 23, 2022
Twitter, the social media platform is undergoing a series of changes. Post the Musk accusation on Twitter by the end of October month, the firm has hit the news floor frequently. Be it a massive layoff, hitting the highest daily users record, intimation of parody in accounts, and so on.
While looking into the crypto market, FTX and its ex-CEO Sam Bankman-Fried were unavoidable all through the month. The fall of the FTX firm and the snowballing disasters shattered the whole crypto industry.
Controversy About Twitter Stake
Semafor, a news publication seemingly owned by SBF has published an article based on anonymous text. And Twitter users are raising questions regarding the message and the deal in that message. Musk straight away replied “Flat wrong” to the query.
“I did not take the money. SBF/FTX do not own shares in Twitter. On the other @semafor *did* take the SBF money and @semaforben won’t disclose how much SBF owns of them.”
Parallelly, Musk also questions the credibility of the news portal along with its editor-in-chief and journalists. The ownership and investor shares in the Semafor are igniting the “conflict of interest”.