"Sam Bankman-Fried's Uncertainty: Did He Invest in Elon Musk's Twitter?"

1 min read
Source: Business Insider
"Sam Bankman-Fried's Uncertainty: Did He Invest in Elon Musk's Twitter?"
Photo: Business Insider
TL;DR Summary

Sam Bankman-Fried, the founder of FTX, was unsure if he still owned shares in Twitter after Elon Musk took over the platform last year. In Michael Lewis' biography, it is revealed that Bankman-Fried was asked by Musk to invest in his $44 billion Twitter takeover. Bankman-Fried already owned $100 million worth of Twitter shares, but he considered investing between $250 million and $1 billion in the company. However, after suggesting that Twitter be moved onto a blockchain and being denied by Musk, Bankman-Fried lost interest and decided not to invest. Six months later, he was uncertain if he still owned the shares or if they had been sold to Musk.

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