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- SBF does not accept any speculations saying that he offered $15 billion to Elon Musk to finance for his Twitter deal.
- The FTX CEO previously offered $3 to $5 billion but then withdrew it back.
- What blockchain technology can enhance in social media.
What Reports Remarks ?
According to the reports of American news website Axios which claims that the FTX CEO has helped Elon Musk in the Twitter acquisition deal. On his Twitter account replied- “reports are not always correct”. The world’s richest man eventually took the deal singlehanded and became its sole owner.
According to the report,Sam Bankman-Fried never proposed $15 billion to Elon. SBF’s advisor, William MacAskill communicated with Elon of financing $5 billion in writing, and after it $10 billion in precisely mentioned.
Willian David MacAskill, who is also a Scottish philosopher and ethicist, stated that it would be “easy” for SBF to contribute Elon $1 to $3 billion in acquiring the social media platform and even $15 billion with the help of external financing.
The Axios speculations surrounding SBF started with the text messages that are counted in the process of court filing in the previous month. It also played a huge role in the process of Twitter’s lawsuit against Elon. It is found that there are no text messages between Elon and SBF discussing any numbers for the Twitter deal.
MacAskill said in the message that got publicized -“Hey — I saw your poll on Twitter about Twitter and free speech. I’m not sure if this is what’s on your mind, but my collaborator Sam Bankman-Fried has for a while been potentially interested in purchasing it and then making it better for the world. If you want to talk with him about a possible joint effort in that direction.”
Back Story and Joining the Dots
Many affluent and popular people who had a direct line with Tesla and SpaceX CEO Elon such as Salesforce founder Mare Benioff, LinkedIn founder Reid Hoffman, podcaster Joe Rogan and also Twitter’s founder Jack Dorsey. In the text messages it was found that cash rich investors were casually offering Musk billions of dollars in his deal.
These absolute enthusiasm shown by billionaire’s represents that the ultrawealthy are interested in owning social media companies. They were clearly sorted about that owning a social media platform such as twitter means being able to design narratives and pour influence over a large audience.
But in the few conversations, SBF has said – “I don’t think running a social and on-chain media network is like a great fit as a business,” but the crypto exchange was keen to help such an organization as a technology partner.
SBF also remarked about how Twitter can be advantageous to blockchain and Web 3.0 technology. Back in April, he said that with the help of blockchain technology, problems in the social media platforms can be fixed.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
