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‘How Much Do You Own SBF?’: Elon Demands Disgraced Ex-NYT Media Reporter Reveal Whether He Has A Financial Interest In Collapsed FTX – After Report Musk Responded To Crypto King’s Investment Message
- Self-proclaimed ‘Chief Twit’ Elon Musk denounced an ex-New York Times media reporter who accused him of allowing failed FTX chairman Sam Bankman-Fried
- Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy on Nov. 11, the same day SBF stepped down
- However, in a story about the media upstart Semafor, reporter Liz Hoffman claims that Musk texted Bankman-Fried just after he closed the deal for Twitter.
- The story alleges that Bankman-Fried “owns a significant portion of a now private and debt-laden Twitter”
- After the text message was published on Twitter by Semafor editor and former New York Times media writer Ben Smith, Musk went on the offensive
- “For the last time, how much does SBF own of you? Stop dodging the question,” he tweeted
- Bankman-Fried was one of Semafor’s first investors in an initial $25 million raise – expected to last through early 2024
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Self-proclaimed “Chief Twit” Elon Musk slammed an ex-New York Times media reporter who accused him of allowing failed FTX chairman Sam Bankman-Fried to invest in Twitter, while SBF itself was in the media venture. had invested.
Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy on Nov. 11, the same day SBF stepped down as CEO.
However, in a story about the media upstart Semafor, reporter Liz Hoffman alleges that Musk texted Bankman-Fried just after closing the deal for Twitter, inviting him to roll his share to Twitter.
The story claims that Bankman-Fried “owns a significant portion of a now private and debt-laden Twitter, according to an FTX balance sheet prepared after the acquisition closed.”
Musk took to Twitter to deny the story, writing that Bankman-Fried “owns no stock in Twitter as a private company” and “neither I nor Twitter have taken any investment from SBF/FTX.”
Self-proclaimed ‘Chief Twit’ Elon Musk denounced an ex-New York Times media reporter who accused him of allowing failed FTX chairman Sam Bankman-Fried to invest in Twitter, while SBF himself was in the media venture. had invested
Semafor editor and former New York Times media writer Ben Smith accused Musk of involving Bankman-Fried in the deal
Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy on Nov. 11, the same day SBF stepped down as CEO
After the text message was published on Twitter by Semafor editor and former New York Times media writer Ben Smith, Musk went on the offensive.
He tweeted, “All Twitter public holders were allowed to roll their shares in Twitter as a private company, but he didn’t. Your reporting falsely made it sound like he did when in fact he owns 0%. For the last time, how much does SBF own of you? Stop dodging the question.”
Bankman-Fried was one of Semafor’s first investors in an initial increase $25 million – expected to last through early 2024.
Other backers include David Bradley, owner of The Atlantic magazine, and Jessica Lessin, founder of the technology website Information.
At launch, Semafor said 75 percent of revenue will come from advertising and 25 percent from event sponsorship.
Despite being a free platform at the moment, the company eventually plans to charge for subscriptions.
Semafor is set up to address the public’s problem with trust in the press. By sharing facts and analysis in their writing, the platform hopes to differentiate between hard truths and opinions in an easy-to-read way.
In addition to Smith and Smith, Semafor has hired a slew of top U.S. media editors and reporters, including Gina Chua of Reuters as executive editor and Wall Street veteran Hoffman.