TechFlow news: FTX CEO Sam Bankman-Fried (SBF) could potentially cash out up to $100 million from Musk's acquisition of Twitter.
According to sources familiar with the matter, SBF held between $50 million and $100 million worth of Twitter shares prior to Musk's takeover. SBF had considered participating in Musk's bid for Twitter but ultimately did not invest. Musk completed the $44 billion acquisition of Twitter last Thursday, leaving SBF with approximately 0.1% to 0.2% ownership in Twitter.
Neither FTX nor Twitter has commented on the matter. Twitter stock was suspended from trading last Friday and will officially be delisted on November 8. Original link
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