Sam Bankman-Fried and Elon Musk weighed joint efforts to take on Twitter
Sam Bankman-Fried and Elon Musk weighed joint efforts to take on Twitter
- Bankman-Fried consultant Will Macaskill tried to arrange a meeting between the two billionaires
- The FTX CEO was ready to provide around $ 5 billion for the deal, as shown in text messages
When Elon Musk offered to buy Twitter for $ 44 billion, a number of tech personalities are trying to advance the deal. One of them was FTX CEO Sam Bankman-Fried, as newly published text messages revealed this week.
a number of private texts, first reported of Business Income showed, The fact that Bankman-Frieds employee wants Macaskill Musk said that the FTX CEO was "potentially interested" to take on Twitter and suggested a "joint effort" with the Tesla boss.
macaskill, a consultant at the ftx future found said on March 30th that Bankman-Fried could contribute between 3 and 8 billion US dollar to the deal
Morgan-Stanley banker Michael Grimes, who also tried to propose a deal between the two, said Musk separately that Bankman-Fried could complete $ 5 billion and that the engineering could make engineering easier for social media blockchain integration. Musk seemed to doubt whether the crypto-bigwig actually had billions for such a company. "Does Sam actually have $ 3 billion fluid?" asked Musk Grimes. The Tesla CEO is currently the richest person in the world
Musk also rejected the blockchain integration proposal and said: "Blockchain twitter is not possible because the bandwidth and latency requirements cannot be supported by a peer-to-peer network, unless these 'peers' are absolutely gigantic, which makes the purpose of decentralization." Nevertheless, Musk seemed to want to build a social media platform with blockchain. In a message to his brother Kimbal Musk, he said that he had an idea for a blockchain social media system that "makes payments and short text messages / links and Twitter.
"You have to pay a tiny amount to register your message in the chain, which means that the vast majority of spam and bots are excluded," claims Musk 90% of the comments On his tweets, bots are talked about his idea. The last text that you shared the exhibits was on May 5th, when Musk Bankman-Fried asked: "Sorry, who sends this message?"
The representatives of FTX and Macaskill did not answer the Blockworks for comment until the editorial deadline. The FTX boss previously said in a Bloomberg-Interview In April he was very interested in using Musk about technologies that are used in which he described as the "broken model" of social media. He explained how Blockchain, in his opinion, could solve the problem of interoperability between platforms such as Facebook and WhatsApp. At that time he said that he had not talked directly to Musk about the matter, but would "look forward to it". The texts they exchanged were in early April. The text messages exponates were published as part of the court dispute between Twitter and Musk, which ended his takeover on July 8. He claimed that the company had not provided adequate information about the number of spam and fake accounts on the website. Twitter chairman Bret Taylor Gift A legal dispute over the enforcement of the merger contract. Muschus is Twitter lawyers on October 6th and 7th on his step to refrain from the $ 44 billion. In the five -day process, which could become one of the greatest legal disputes on Wall Street, lawyers should prove that the billionaire has given up the deal due to falling stock exchange courses. participate das: london and learn how the greatest traditional and crypto institutions see the future of the institutional introduction of crypto. Register here The contribution "Sam Bankman-Fried, Elon Musk Weighed 'Joint Effort' to Acquire Twitter" is not a financial advice.
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