Elon Musk and a global news outlet funded by Sam Bankman-Fried got into a Twitter argument after the Twitter CEO called Semafor’s reporting false.
A Semafor article that claimed Bankman-Fried “contributed $100 million in equity towards the now-private Twitter” based on previously undisclosed communications between the two prompted anger from Musk.
Elon Musk harshly criticized the newspaper Semafor owned by SBF, with the somewhat scathing quote: Journalistic integrity is “trash.”
Musk responded to Semafor Editor-in-Chief Ben Smith after he commented on Musk’s tweet, asking: “How much of you does SBF own?”
Text messages between Musk and Bankman-Fried on May 5 indicate what may have been a joint investment before Musk’s $44 billion purchase of the social media juggernaut, according to Semafor. Bankman-Fried may have rolled a previously acquired $100 million stake in the company into Musk’s buyout.
Musk further confirmed that no Twitter shares are held by SBF as a private company.
Earlier, Elon Musk also responded to another Business Insider report that also wrote about this issue.
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