Former FTX CEO has no stake in Twitter as a private company: Musk

Elon Musk on Thursday said that Sam Bankman-Fried (SBF), former CEO of bankrupt crypto exchange FTX, does not have any share in Twitter as a private company.

Semafor publication first reported that Sam Bankman-Fried owned a stake in Musk’s Twitter.

“Two weeks after clinching a deal to buy Twitter for $44 billion, he (Musk) texted Bankman-Fried just after midnight and invited him to roll the $100 million stake he had owned for a few months into a privately held Twitter,” claimed the publication.

Musk denied the report, saying that “He may have owned shares in Twitter as a public company, but he certainly does not own shares in Twitter as a private company.”