Thursday, November 30, 2023

Sam Bankman-Fried Wanted to Buy Twitter.

According to texts revealed in Tesla CEO Elon Musk’s legal proceedings, FTX boss Sam Bankman-Fried wanted to buy Twitter. William MacAskill, who is part of the FTX Future Fund, was trying to set up a meeting between Bankman-Fried and Musk in March to see if the duo could acquire the microblogging platform in a “joint effort”.

The revealing text messages were also published online by Kate Conger a reporter for the New York Times. On March 29, MacAskill said he saw the poll on Twitter about Twitter and free speech. He stated that his collaborator Sam Bankman-Fried has for a while been potentially interested in purchasing it and then making it better for the world.

Musk had reportedly replied by asking if Bankman-Fried had “huge amounts of money?” MacAskill said the FTX CEO was worth about $24 billion and was willing to give $8 billion – $15 billion. He also tried to set up a meeting between the two billionaires. But Bankman-Fried later discussed the financing with Morgan Stanley banker Michael Grimes in April. Grimes then told Musk that Bankman-Fried would be willing to commit up to $5 billion on April 25. He described Bankman-Fried as an ultra-genius and doer builder who built FTX from scratch after MIT physics.

However, Musk was less interested in the deal. The SpaceX founder said he didn’t want to have a laborious blockchain debate with Bankman-Fried. And when Musk’s funding for the Twitter deal surfaced in a financial filing on May 4, neither Sam Bankman-Fried’s name nor his company FTX was listed.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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