Elon Musk offers to buy all of Twitter. While some were apprehensive about this, Cardano (ADA) founder Charles Hoskinson was supportive. This support was in the form of creating an alternative to the existing social media platform. Here are the details…
Cardano founder proposes to establish a platform with Elon Musk
After emerging as Twitter’s largest shareholder, Musk, who wanted to expand his stake, shared posts on this subject on Twitter. He wanted to buy the firm at $54.20 per share, or a total of $43 billion, arguing that privatization would help protect freedom of expression. Some have raised the offer, while others have decided to create a whole new platform with Musk. Decentralization is the core theme of the cryptocurrency market. At least, that’s how it started.
Cardano (ADA) founder Charles Hoskinson, who brought this to the social media world, He explained that if Tesla’s boss’ offer to buy Twitter outright was turned down, he would be willing to build a decentralized social media platform with it. Speculation about this platform began to pour in. Some have suggested that Cardano (ADA) will undoubtedly be the coin of this platform. It was also assumed that the crypto community would migrate to this unlikely platform, leaving Twitter behind.
Not everyone is happy with Musk’s interest in Twitter
As we reported on Kriptokoin.com, Jackson Palmer, co-founder of Musk’s favorite cryptocurrency Dogecoin (DOGE), Twitter He lashed out at the Tesla CEO for his sudden interest in buying . He openly accused Musk of the hostile takeover of Twitter. Meanwhile, Musk explained why he wanted to buy the social media giant in a recent Ted Talk interview. Emphasizing freedom of expression once again, he said:
Freedom of expression in the USA has some limits and Twitter will have to abide by these rules. In my view, Twitter should comply with the laws of the country; has an obligation to do so. But having no sense of what’s going on behind the scenes can be very dangerous.
Meanwhile, an offer came from TRON founder Justin Sun after Musk put forward his offer to pay $54.2 per share. Sun said it could buy it for $60 per share.
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