To conclude the acquisition of Twitter, Elon Musk turned to certain personalities from the world of cryptos and technology. This allowed it to raise $7.17 billion of the $44 billion transaction. Attendees include Oracle co-founder Larry Ellison, Binance’s CZ, executives from Fidelity, Brookfield, Sequoia Capital and Qatar’s sovereign wealth fund. Many people were surprised not to have seen certain personalities from the crypto world in the lot. Among the notable absentees from the crypto community is the founder of the FTX exchange, Sam Bankman-Fried. However, there had been contacts between the two parties.
Two different visions for Twitter?
During the Forbes Iconoclast Summit, Sam Bankman-Fried answered a question that is on everyone’s lips right now. That of knowing why the boss of the crypto exchange did not participate in the takeover of Twitter. The person concerned has revealed that he turned down the investment in Twitter because his vision of Twitter doesn’t match Elon Musk’s.
The conference is held online and is organized by Forbes.
“FTX missed the opportunity to invest in Twitter. It didn’t seem like our strength and ambition matched Elon Musk’s vision for Twitter. For example, if he wanted to do blockchain-based social media, or crypto wallets, we would have been happy to work on that. But who knows? Maybe it will one day? », he explained. And to add: “I’m really excited about what he’s doing. I think there’s a ton of possibilities in what he does.”.
But Forbes, which relies on legal documents collected during the process, gives a different version than that of Bankman-Fried. According to the daily, Sam Bankman-Fried would have approached Elon Musk. But he didn’t seem interested in letting the FTX boss invest in the acquisition of Twitter. However, the two men reportedly tackled the issue together.
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