To me it looks like a big billionaire valuation grifter circlejerk. Amazes me how much money a grifter can walk away with when the pond o snake oil dries up. Sorry if I sound salty, but I spent 20 years listening to “managers” and “leaders” sling bullshit and checked the fuck out of white collar a couple of years ago before the pandemic upended civilization. I needed to live for myself and get the hell away from the city. I think more people should do the same and let these people burn themselves down so we can get focused on saving the only planet we have.
It's business insider, they know Sam's ownership was disproven but they're so salty about twitter's content curation team getting the axe that they can't help but report anything involving twitter and elon in the worst possible light.
If someone told Elon they had an invisible, incorporeal, dragon that breathes heatless fire in their garage, Elon would offer to buy it from them for a meme number of dollars.
FTX also had a few hundred million in Robinhood stock, which turned out to be their most liquid asset. I’m convinced SBF was trying to run his entire company on meme magic. They literally just took billions in real money and replaced it with a shit coin they made up and counted that as even on their list of assets.
So about point two percent, then. I mean, given the speed this guy (either of them) burns money, I don't think it really matters. Besides, what were you going to do with it? Hospitals? Schools? Lame.
I saw in the texts from the court filing he was trying to get in and Elon met with him, but IIRC Elon recently said he DIDNT take money from Sam, iirc.
Besides Musk being completely untrustworthy in the first place, the article links to the source that broke the story, and they have receipts to back these claims up, including text messages between Musk and SBF.
The most hilarious part of this whole thing is that it is in fact false. 5 minutes of researching shows SBF is one of 5 “investors” in Semafor who this article cites as its reference.
He's lying. The source that broke the story has the receipts - court documents and text messages between Musk and SBF. Not that they need them, because Elon saying it's false is all anyone would need to know that it's probably true.
Lol, Twitter is now worth a fraction of its purchased price.I think the latest is like $7 billion (as opposed to previous $43B). So that puts Fried’s value at around $20 million or so. For this guy it’s an improvement as went from losing billions to “only” losing 10s of millions.
Just a friendly reminder that worth is only real when it's being sold. This is now a private company, assumed/calculated/estimated value holds no ... value.
Why is everyone obsessed with this? Because “SBF gave money to this party”, “SBF invested in this business”, “FTX bought these properties”…. WITH MONEY HE STOLE.
Joe Rogan claimed in a recent podcast episode that Elon told him SBF initially offered to put up $3B for a stake in twitter. Apparently this set of Elon’s bs meter because he didn’t think SBF had that much liquid money. Turns out he was right haha.
Before Elon came out saying he was a Republican everyone including Clinton and Obama said he was a visionary. A few months after he said he supported Trump. He's now being called unintelligent. Really the guy worth $200,000,000,000 is dumb?
Actual fake news. Elon is on record literally saying that he met with Sam once to discuss Sam investing in the Twitter deal but Elons ‘BS detector’ was going off. In other words, Elon knew Sam didn’t have the money told him No and that was the end of it. But of course the article won’t cover that easily verifiable fact.
..was worth 100 mil
So about tree-fiddy?
ya, like, 80mil, right?
Give you a quarter for it now.
That money is safer invested in a failing Twitter than it is in SFB's accounts though.
They were in a 'who can burn money the fastest' contest?
Absolute or Relative?
Investing in your opponents attempt? Must be some kind of poker strategy
And the guessing game of 'who will pay for it?'. Spoiler, the answer is never the rich a-holes.
To me it looks like a big billionaire valuation grifter circlejerk. Amazes me how much money a grifter can walk away with when the pond o snake oil dries up. Sorry if I sound salty, but I spent 20 years listening to “managers” and “leaders” sling bullshit and checked the fuck out of white collar a couple of years ago before the pandemic upended civilization. I needed to live for myself and get the hell away from the city. I think more people should do the same and let these people burn themselves down so we can get focused on saving the only planet we have.
This shit just keeps getting more and more entertaining 🍿
"Bankman's Billions"
They cant beat zucc then
Yeah, close contest between a literal ponzi scheme and Twitter as to which was the worse investment.
All the villains in one basket
I think you mean,
US Government: “hold my beer”
This really contradicts some of other articles - they have generally said Bankman-Fried approached Elon and Elon turned him down.
https://twitter.com/elonmusk/status/1595330061267107841
Yup, and their editor responded to Elon's claim that it was false
It's business insider, they know Sam's ownership was disproven but they're so salty about twitter's content curation team getting the axe that they can't help but report anything involving twitter and elon in the worst possible light.
That’s what I heard as well.
Seems about right. Worth about $10 now?
100 Twitterbuckstm*
Oh so about the cost of a blue checkmark.
It’s one stake, Michael; what could it cost? $10?
Hasn’t the share price of Twitter gone up…?
This is not how you play Brewster's Millions
This is Elon's Billions, new rules.
Grace Kay for Business Insider, 22 November 2022.
I translated this as “Elon and SBF are planning some kind of crypto pump and dump while using Twitter as the promotional platform.”
L. Hoffman is an SBF agent. Be aware of this.
SBF donated tons to Semafor btw
Huh, read that as sacred text
Where in the text logs does it confirm the article?
what happened to Elons bullshit detector that he so proudly talked about? I guess he's an idiot.
He already owned the publicly listed shares before Elon bought Twitter as I understand, so I guess he asked to roll over to save money.
You’re trusting the word of business insider? Lol.
Bruh, this doesn’t reflect poorly on Elon. He doesn’t care if SBF’s minuscule stake in the company becomes a big part of SBF’s personal assets.
Elons dumb because someone bought his company’s stock…? Do you have any idea how all of this works?
I'll have you know that he had the same team of engineers working on that who work on Tesla's fully-self driving systems, thank you very much.
Elon
Because its fake news. Imagine trusting businessinsider...
Sam gave him the $100m 6 months ago.
If someone told Elon they had an invisible, incorporeal, dragon that breathes heatless fire in their garage, Elon would offer to buy it from them for a meme number of dollars.
Elon said the report is wrong
Turns out the bullshit detector was made out of bullshit.
You can buy twitter. It’s not a secret handshake club. You do know how stocks work right?
Maybe he looked in a mirror and overloaded it.
Sam offered $15b, Elon took $100m. I would be curious to see how that conversation went.
FTX also had a few hundred million in Robinhood stock, which turned out to be their most liquid asset. I’m convinced SBF was trying to run his entire company on meme magic. They literally just took billions in real money and replaced it with a shit coin they made up and counted that as even on their list of assets.
So noted, an asset SFB's creditors, including the FTX account holders he stole from, will be able to seize.
But what are they going to be able to do with it. With Elon saying the company is about to go broke who's going to buy outside of a firesale?
$100M is a rounding error to people that lose more than $1B in a day.
So about point two percent, then. I mean, given the speed this guy (either of them) burns money, I don't think it really matters. Besides, what were you going to do with it? Hospitals? Schools? Lame.
You'd assume it's as easy as 44bn/100mn but going private and the cost of financing aren't that linear.
tHe mOsT gEnErOuS biLliOnAiRe
No clue who Sam Bankman-Fried is, but his name sounds like what they'd call an investor in a cartoon.
He’s the Bernie Madoff of crypto.
Sounds like a menu item. Eat the rich! I've got fresh Bankman-Fried!
(Crawls back under rock…..pulls a rock over that rock.)
Elon's reponse
Redditors spreading misinformation? Who would have thought??
Truth doea not seem to matter on Reddit when it comes to Elon and Tesla :<
I still can't figure out how he got the loan approved at all.
Because it’s backed by his other assets? Why wouldn’t a bank give him this loan?
Not anymore
*owned
Jeebus. At least after personal bankruptcy and possibly prison he can get a job working for Cathie Wood.
I saw in the texts from the court filing he was trying to get in and Elon met with him, but IIRC Elon recently said he DIDNT take money from Sam, iirc.
How is this Technology?
This is Muskology now
Redditors are salty so they spam Elon shit everywhere.
If he invested 100 Million with Elon, the good news is that it’s still worth 40 million.
Before or after the sale? Kind of makes a difference.
Elon posted a reply to this on Twitter sayings it’s not true
Maybe we should vote on it.
Besides Musk being completely untrustworthy in the first place, the article links to the source that broke the story, and they have receipts to back these claims up, including text messages between Musk and SBF.
Well if he said it, it must be true!
Elon saying it's not true means absolutely fuck all. I'm not saying it's necessarily true, but just that Elon's tweets are meaningless.
Delusional billionaire on Twitter yelling about fake news... musk and trump really are the same person, aren't they?
Elon is full of shit, as always
What's the difference between Twitter and Elon Musk's Twitter? Just fucking call it Twitter. Everyone knows that Elon owns it now.
Elon Musk’s twitter is a nazi farm
Who?
We are at the point where money means nothing. What’s the point of infinite growth. If once you stop growing it goes to 0?
I thought Musk said SBF had his BS meter going. I get more concerned about my TSLA investment every day. He can’t stay out of the news for a day
I’m starting to think that Sam is not a brilliant businessman…
Grifters grifting grifters
He only own that until the bankruptcy court takes it away from him and gives it to his creditors.
What’s the opposite of the Midas Touch?
Don’t worry, these guys just continually fail upwards.
Idiot people attracted to other idiot people doing idiot things with other people’s money
This boy really knows how to pick ‘em😂
This is false and Business Insider is a trash resource
This is incorrect and was called out on Twitter
This has been denied by Elon Musk. He apparently owns no Twitter stock at all.
All the best people
The most hilarious part of this whole thing is that it is in fact false. 5 minutes of researching shows SBF is one of 5 “investors” in Semafor who this article cites as its reference.
6 minutes of research leads you to Elon's texts in a lawsuit which shows that he did, in fact, converse with these scumbags.
Wow, epic dogecoin wholesome 100 comment bro, I’d never realized Reddit was full of idiots. Thanks for notifying the public
It'd be real cool if all these dudes just fuckin died
This article is based on none confimed informations, aka all of this is bullshit. This so-called journalist is clearly after Musk.
Musk is not a scientist or an engineer. He has not invented a damn thing.He is now just a fascist piece crap.stop sucking his limpness
This is a false story
"False" - Elon Musk
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This has already been debunked…
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Where did they disprove the court documents from the source? Haven't seen the debunk.
Crypto is a scam. It's always been a scam. It is not safe and has never been safe. Crypto is a lie. Like trickle down and tulips.
Elon. Always trying to give something back to the crypto community, ya know?
I'm more interested in the idiots who sent this dude money in the first place
Two people who definitely aren't as smart as they huckstered some people into believing.
Yeah that tracks!
Musk already tweeted this is false. Try to keep up.
Elon is a liar, TrY tO kEeP uP
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Read the article and source report. It’s legit.
What helps is looking to an article where this was disproven...
Steal billions of dollars. Donate it to Democrats. Magically get caught a few days AFTER the election that your stolen money influenced.
Elon said this was false. Look it up on Twitter.
He's lying. The source that broke the story has the receipts - court documents and text messages between Musk and SBF. Not that they need them, because Elon saying it's false is all anyone would need to know that it's probably true.
It’s false. Elon literally states it is false directly on Twitter.
I’ll wait for the lawsuit to play out before regurgitating elion’s rhetoric uncritically.
because elon said it, it’s true?
Sam Bankman-Friend reportedly owns a $100 mil-wait-sorry-owns a $100 stake in Elon Musk's Twitter.
This was verified as false already... Maybe check yourself before posting rando links.
False. Proven to be a made up store by Business Insider. Check Twitter’s response for yourself
Oh, look — this guy trusts Twitter to tell the truth about something it’s trying to hide 🤣
Can't be feeling good about the value of that "investment" now...
this the ftx guy or am i dumb
Grab those Pitchforks reddit ....oh wait.
Unlucky for him, Elon Musk decided to push Twitter to bankruptcy ... SBF will really have nothing left very soon.
Why does Elon musk look like trump?
Of course he does.
Ooh! is he narcissist too ??
Lol. Elon the shit King Midas. Everything he touches turns to shit.
Wow I wonder what it feels like to own 0.22% of a dumpster fire...
Confirmed false. Reddit is full of fake news.
In court or on twitter?
Please stop allowing business insider posts.
Elon himself said this is false and completely made up
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If this were true, which it is not, the money would have already been given. Investor in, or "owns 100 million stake" means money changed hands.
Proven wrong yet people believe and say bullshit here just to farm upvotes
When it turns out to be true and Elon is once again proven to be a liar, will you still feel like a victim?
Lol, Twitter is now worth a fraction of its purchased price.I think the latest is like $7 billion (as opposed to previous $43B). So that puts Fried’s value at around $20 million or so. For this guy it’s an improvement as went from losing billions to “only” losing 10s of millions.
Just a friendly reminder that worth is only real when it's being sold. This is now a private company, assumed/calculated/estimated value holds no ... value.
I guess any one who tell Musk he's wrong gets fired, I don't think this is a good way to run a company. lol
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Why is everyone obsessed with this? Because “SBF gave money to this party”, “SBF invested in this business”, “FTX bought these properties”…. WITH MONEY HE STOLE.
Joe Rogan claimed in a recent podcast episode that Elon told him SBF initially offered to put up $3B for a stake in twitter. Apparently this set of Elon’s bs meter because he didn’t think SBF had that much liquid money. Turns out he was right haha.
He did, it just wasn’t his money.
Before Elon came out saying he was a Republican everyone including Clinton and Obama said he was a visionary. A few months after he said he supported Trump. He's now being called unintelligent. Really the guy worth $200,000,000,000 is dumb?
He never said he supports Trump
Actual fake news. Elon is on record literally saying that he met with Sam once to discuss Sam investing in the Twitter deal but Elons ‘BS detector’ was going off. In other words, Elon knew Sam didn’t have the money told him No and that was the end of it. But of course the article won’t cover that easily verifiable fact.
Elon isn't going to let you suck his dick
Doesn’t the crown prince as well?
I thought it was Metaverse that was implicated?
I feel like “Elon Musk’s” was included to attract attention. We don’t need that to know what twitter is.
But who had stakes in FTX? suspenseful tone
The word is owes... Not owns
Annnnd it’s gone.
So, 150%?
Bahamas owns that now probably
Funny. That reporter has been writing puff pieces on SBF lately and now she breaks some SBF friendly news. What a joke.
I'm not hearing anything about the 1 billion a saudi prince invested.
This guy would invest in the Titanic if he could
Fry the Bank Man.
Not anymore
How can criminals keep walking free after fleecing the public of 30 billion dollars??
Birds of a feather
Not anymore...
Of course he does. Snake oil salesmen love to congregate.