Did Sam Bankman-Fried (SBF), the disgraced former CEO of FTX, actually own a significant stake in Elon Musk's Twitter (now X)? The internet has been buzzing with rumors, but the truth is far more definitive.

The Truth About SBF and Elon Musk's Twitter Deal

Chief Twit and tech billionaire Elon Musk has slammed recent reports suggesting a significant ownership stake. Elon Musk has clarified that Sam Bankman-Fried (SBF) has no significant investment in the platform.

Initial reports suggested a possible $100 million investment by SBF in the company during Musk's takeover. However, Elon Musk confirmed that Sam Bankman-Fried (SBF) has no private equity stake or ownership. This directly contradicts any notion of a substantial $100 million investment.

Debunking the $100 Million Stake Myth

Where did this rumor originate? The speculation likely stems from the general frenzy surrounding Musk's acquisition of Twitter and the various players involved in financing the deal. Some reports might have confused early discussions with finalized investments. However, San Francisco: Elon Musk on Thursday said that Sam Bankman-Fried played no significant role in the ownership structure of the platform.

Key Takeaways

The narrative of Sam Bankman-Fried holding a $100 million stake in Elon Musk's Twitter is simply not true. While initial talks might have occurred, no significant investment materialized. The ultimate conclusion is that SBF does *not* own a $100 million stake, or any significant stake, in the platform.