
Sam Bankman-Fried didn't know whether he still owned shares of Twitter when Elon Musk took over the platform last year, Lewis said.
Details how Bankman-Fried sat down with Nishad Singh and Ramnik Arora to discuss supporting Musk's acquisition in late April last year.
Bankman-Fried already owns $100 million of Twitter shares, though Lewis wrote that Musk wanted 'allies' to help back his $44 billion deal and gave him three hours to decide whether he would help.
According to Lewis, Bankman-Fried had suggested investing between $250 million and $1 billion in Twitter. Singh asked Musk if they could talk to Musk and bankman-Fried responded, 'He's a weird dude,' per the biography.
It's not the dollar amount. It's about who's been nice to him and who hasn't, Bankman-Fried said.
Singh and Arora said that FTX should not invest in Musk's Twitter, or only go with a small stake.
But then Bankman-Fried asked Morgan Stanley, which helped finance Musk's deal, if it would loan him $1 billion to invest in Twitter, Lewis said.
He also told one of Musk's financial advisors that he would invest $5 billion if Twitter were to be moved onto a blockchain. Musk refused to comment, so Bankman-Fried lost interest and decided not to invest.
He even knew if he still owned $100 million worth of Twitter, or if the shares had been sold to Elon Musk.
Semafor reported in November that Musk had texted SBF May 5 to invite him to invest in Twitter and that Bankman-Fried owned a'sizable chunk' of the post-takeover company. But Musk denied that Bankman-Fried or FTX had any investment in the stock market.
Twitter did not immediately respond to Insider's request for comment.