Elon Musk Criticizes Semafor’s “Journalistic Integrity” – Tesla Exec Says “Semafor Is Owned” by FTX Co-Founder Sam Bankman-Fried – Bitcoin News

Following the significant amount of criticism leveled at mainstream media publications for lack of journalistic integrity when reporting on FTX executives, Tesla executive Elon Musk called out news website Semafor because former FTX CEO Sam Bankman -Fried (SBF) was a lead investor. Musk took to Twitter and let it be known to Semafor that he believes Semafor has a “massive conflict of interest” when it comes to “journalistic integrity.”

Semafor Takes a Stiff Out of Elon Musk, Tesla Exec Calls Company’s Journalistic Integrity Trash

On November 23, 2022, the news website founded in 2022, Semafor, tweeted a message about the company’s newsletters, and Tesla executive Elon Musk gave some criticism of the news publication. In response to Semafor’s tweet, Musk he wrote: “Semafor is owned by SBF. This is a huge conflict of interest in your relationships. Journalistic integrity is [trash].”

Musk, who is also the new owner of Twitter, also shared an image from Crunchbase, showing Semafor’s top five major investors. Topping Semafor’s investor list is former FTX CEO Sam Bankman-Fried.

Semafor is a fairly new news publication that started in 2022 and was co-founded by former New York Times (NYT) columnist and former Buzzfeed editor-in-chief Ben Smith and former CEO of Bloomberg LP, Justin Smith.

Axios called the two Smiths “media destroyers” and in the same article Justin Smith said that Semafor would “reimagine quality global journalism” after the demographic Semafor aims to “lose trust in all news and information sources” .

List of Semafor investors via Crunchbase.

On Semafor’s Crunchbase page, the lead investor is seen to be SBF, and the news report raised $24.6 million in a single round of funding. Semafor wrote about FTX and SBF on a few occasions and the articles highlight that SBF was an investor in news publishing. Semafor’s other investors, such as SBF, have also shown affection for Democratic leaders and donated to the Democratic party.

For example, Jorge Paulo Lemann’s academic interests include political theory and democratic theory, and Lemann was once called “the world’s most secretive billionaire.” In 2008, Semafor investor David Bradley donated funds to Mitt Romney, Barack Obama and Hillary Clinton.

Musk’s criticism of Semafor follows criticism a number of mainstream media outlets received for publishing “inflated pieces” about executives at FTX and Alameda Research. For example, The New York Times ran a story that was condemned by cryptocurrency advocates after it reported that SBF was sleeping better and playing video games.

The NYT story wasn’t the only article that was voted down, as people criticized the op-eds published by the Washington Post, Forbes and the Wall Street Journal (WSJ) after it covered up FTX and Alameda Research executives in a “blurred” manner..

Musk’s response to Semafor’s tweet has been retweeted a couple thousand times and has more than 22,000 likes at the time of writing. The news publication’s Twitter account did not respond to Musk’s criticisms, but a number of people were pleased that Musk called the news publication out.

“Yeah, really, great call,” an individual he answered to Musk’s statement. Another person he wrote: “Every platform [Sam Bankman-Fried] is involved has the same aesthetic as his wardrobe. Musk’s comment comes at a time when many people don’t trust traditional media outlets and, despite Semafor’s intentions, people consider the “skeletons” of the company are coming out.

“Time to lock down anyone paid by SBF,” one individual he wrote in response to Musk’s tweet on Semafor.

Tags in this story

Conflict of interest, Crunchbase, David Bradley, Elon Musk, FTX bankruptcy, FTX co-founder, FTX collapse, Jorge Paulo Lemann, journalistic integrity, loss of trust in all news sources, Musk, Musk response, criticism by Musk, New York Times, NYT, Sam Bankman-Fried, sbf, Semafor, Semafor Publication, Semafor’s Top Investor, Semafor’s tweet, Tesla Executive, top investor is SBF

What do you think of Musk’s comment on the Semafor news release? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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