Sam Bankman-Fried, the billionaire CEO of FTX, spoke with the wealthiest man on the planet, Musk, about joining his $44 billionTwitter acquisition.
Sam Bankman-Fried was optimistic about Musk's plans.
Bankman-Fried said he decided to remain on the sidelines because there wasn't something he could add to the takeover.
In his week at the helm, Musk has made a number of changes to the platform, including mass layoffs and charging $8 per month for verification badges.
The two billionaires held a phone call before Bankman-Fried refused to join the deal.
Bankman-Fried said that the court docs were missing some documents and that there was a text from Musk to him.
Bankman-Fried said that he was excited for Musk's vision, but he should be running with it.
We think Musk is worth $200.6 billion because of his stakes in both companies. Bankman-Fried is the 89th wealthiest person in the world, thanks to his stake in FTX and his trading firm.
Last week, Musk completed his takeover of the social networking site. He funded the new venture with $12.5 billion in debt financing and more than $30 billion in equity financing, which included from Musk's growing pile of cash. After taking control of the company and firing most of the executives, Musk said the bird is free.
Bankman- Fried would not rule out the possibility of a FTX acquisition. In July, FTX entered an agreement to buy BlockFi, and in September it accepted a bid for the digital assets of the bankrupt firm.
Further looking.
The Forbes Iconoclast Summit is going to take place in 2022.
Sam Bankman- Fried was flirting with both Musk and the social networking site.
The Saudi prince is the second largest shareholder on the micro-messaging service.
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