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A fiery Elon Musk has pushed back at reports that FTX CEO Sam Bankman-Fried’s Twitter share ownership was discredited.
Dr. Dhankuber in a series of tweets on Wednesday afternoon to call Semaphore was singled out for its “fake news” report alleging that Bankman-Fried folded his $100 million holding of Twitter, when it was public, into private shares, according to LBL.
“All public holders of Twitter were allowed to roll their stock into Twitter as a private company, but he didn’t,” Twitter’s new boss tweeted. “Your reporting makes it falsely sound like he did, when in fact he owns 0%.”
Semafor — which launched last month with Bankmann-Fried as one of the startup’s lead investors — Said the fallen crypto king Twitter owned a large chunk of Twitter, according to an FTX balance sheet prepared after Musk completed his takeover on Oct. 28 and then circulated to investors.
“SBF/FTX does not own shares in Twitter,” Musk said, referring to Bankman-Fried’s well-known moniker.
Semaphore editor-in-chief Ben Smith defended his outlet’s reporting and produced the alleged private exchange between Musk and Bankman-Fried, in which Musk appeared to be encouraging the FTX founder to roll over his shares.
Musk again debunked the report and challenged Semaphore’s independence in a subsequent tweet.
“Semaphore is owned by SBF. This is a huge conflict of interest in your reporting.”
Musk also noted that Bankman-Fried has invested in Vox and The Intercept.
“If SBF is as good at running a crypto exchange as he is at bribing the media, FTX will still be solvent!” Musk jumped.
Renowned technology reporter Kara Swisher joined the fray and sided with Semaphore.
“Obviously Elon took the $ and then sunk it into SBF, because this is a game you all shouldn’t be watching,” he tweeted.
Kasturi replied, “There was a time when you cared about truth. That is long gone.”
Musk denied similar claims about Twitter’s relationship with Bankman-Fried that were reported by Business Insider.
“Sam Bankman-Fried Reportedly Owns $100 Million Stake in Elon Musk’s Twitter,” reads a news headline in the outlet.
To which Kasturi replied: “[Business Insider] This is not a genuine publication.”
LBL reporting contributions
Elon Musk denies reports of FTX’s Sam Bankman-Fried’s Twitter stake: ‘He owns zero percent’
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