Elon demands disgraced ex-NYT media reporter reveals if he has a financial interest in collapsed FTX

‘How much of you does SBF own?’: Elon demands disgraced ex-NYT media reporter reveals if he has a financial interest in collapsed FTX – after report that Musk responded to crypto king’s investment message

  • 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 
  • Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy on November 11, the same day that SBF stepped down 
  • However, in a story on the media upstart Semafor, reporter Liz Hoffman claims that Musk texted Bankman-Fried just after he sealed the deal for Twitter 
  • The story alleges that Bankman-Fried ‘owns a sizable chunk of a now privately held and debt-laden Twitter’ 
  • After the text message was published on Twitter by Semafor editor and former media writer for the New York Times Ben Smith, Musk went on the offensive
  • ‘For the last time, how much of you does SBF own? Stop dodging the question,’ he tweeted
  • Bankman-Fried was among Semafor’s first investors in an initial raise of $25 million – which is set to last until early 2024 

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 had invested in the media venture himself. 

Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy on November 11, the same day that SBF stepped down as CEO.

However, in a story on the media upstart Semafor, reporter Liz Hoffman claims that Musk texted Bankman-Fried just after he sealed the deal for Twitter and invited him to roll his stake into Twitter. 

The story alleges that Bankman-Fried ‘owns a sizable chunk of a now privately held and debt-laden Twitter, according to an FTX balance sheet prepared after the takeover closed.’ 

Musk took to Twitter to deny the story, writing that Bankman-Fried ‘does not own shares in Twitter as a private company’ and ‘neither I nor Twitter have taken any investment from SBF/FTX.’ 

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 had invested in the media venture himself

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 had invested in the media venture himself

Semafor editor and former media writer for the New York Times Ben Smith accused Musk of involving Bankman-Fried in the deal

Semafor editor and former media writer for the New York Times 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 November 11, the same day that SBF stepped down as CEO

Musk has repeatedly distanced himself and mocked Bankman-Fried since FTX filed for bankruptcy on November 11, the same day that SBF stepped down as CEO

After the text message was published on Twitter by Semafor editor and former media writer for the New York Times Ben Smith, Musk went on the offensive. 

He tweeted: ‘All public holders of Twitter were allowed to roll their stock into Twitter as a private company, but he did not do so. Your reporting made it falsely sound like he did, when in fact he owns 0%. For the last time, how much of you does SBF own? Stop dodging the question.’ 

Bankman-Fried was among Semafor’s first investors in an initial raise of $25 million – which is set to last until early 2024.

Other funders funders include David Bradley, owner of The Atlantic magazine and Jessica Lessin, founder of technology website Information. 

At launch, Semafor said that 75 percent of its revenue will come from advertising and 25 percent from event sponsorships. 

Despite currently being a free platform, the company eventually plans to charge for subscriptions. 

Semafor is set to address the issue that the public has with trusting the press. By sectioning facts and analysis in their writing, the platform hopes to distinguish hard truths from opinion is a easy-to-read way. 

Alongside Smith and Smith, Semafor has hired a slew of top US media editors and reporters – including Reuters’ Gina Chua as Executive Editor and Wall Street veteran Hoffman.

What is Semafor? 

Semafor is a new global news platform, founded by  Justin Smith and Ben Smith.

The platform launched on October 28, 2022. 

Articles on the site have been described as a ‘Semaform’ – where the stories are broken up into separate sections that include the news, the reporter’s view on the news, and the counter-argument to that view. 

Semafor will also feature newsletters from journalists. 

The platform said it has so far raised $25 million from investors, which is set to take the company into early 2024.  

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