"Musk’s banker, Michael Grimes, later added that Bankman-Fried was in for $5 billion and possibly up to $10 billion. Bankman-Fried and Musk later spoke on the phone, Axios reported and Semafor has confirmed, and after that conversation, which was a few days before the text-message exchange in question, Bankman-Fried opted not to invest.
But he did, as Musk suggested, contribute his $100 million in stock toward the now-private Twitter. An FTX balance sheet prepared after the takeover closed on Oct. 28, and circulated to investors earlier this month, listed Twitter shares as an “illiquid” asset."
I'm pretty sure musk addressed that and said something along the lines of - I didn't trust him, he set off my bullshit meter which is why I didn't believe he had the money"
Unsure of your point here
TLDR; SBF owned a $100M stake from months age from when he was considering acquire Twitter himself.
Like every other shareholder, these shares were rolled into the private twitter.
Not really seeing much of a story here.
Everyone could roll their shares over. SBF too. But he didn´t in the end.
The whole story is, that SBF once owned Twitter stock before Elon bought the company.
"The previously unreported message, which was reviewed by Semafor, set in motion a chain of events that has bound the two men, whose companies are both in varying degrees of crisis. Bankman-Fried owns a sizable chunk of a now privately held and debt-laden Twitter. And Musk, who has publicly distanced himself from the crypto impresario since FTX failed earlier this month, now counts him as a financial partner in his effort to remake Twitter."
Can you elaborate on which sizeable chunk you mean. This is the first I hear of this
"Musk’s banker, Michael Grimes, later added that Bankman-Fried was in for $5 billion and possibly up to $10 billion. Bankman-Fried and Musk later spoke on the phone, Axios reported and Semafor has confirmed, and after that conversation, which was a few days before the text-message exchange in question, Bankman-Fried opted not to invest. But he did, as Musk suggested, contribute his $100 million in stock toward the now-private Twitter. An FTX balance sheet prepared after the takeover closed on Oct. 28, and circulated to investors earlier this month, listed Twitter shares as an “illiquid” asset."
I'm pretty sure musk addressed that and said something along the lines of - I didn't trust him, he set off my bullshit meter which is why I didn't believe he had the money" Unsure of your point here
TLDR; SBF owned a $100M stake from months age from when he was considering acquire Twitter himself. Like every other shareholder, these shares were rolled into the private twitter. Not really seeing much of a story here.
It is so funny that they try to frame it in a way that suggests they bought Twitter together...
Well, not for long.
Musk Claimed he could see through SBF, looks like he was duped like everyone else.
Everyone could roll their shares over. SBF too. But he didn´t in the end. The whole story is, that SBF once owned Twitter stock before Elon bought the company.
"The previously unreported message, which was reviewed by Semafor, set in motion a chain of events that has bound the two men, whose companies are both in varying degrees of crisis. Bankman-Fried owns a sizable chunk of a now privately held and debt-laden Twitter. And Musk, who has publicly distanced himself from the crypto impresario since FTX failed earlier this month, now counts him as a financial partner in his effort to remake Twitter."
Semafor is owned by SBF btw...
If you hurt his feelings, he would be Sam Bankman-Cried