Tron founder Justin Sun made an offer to buy Twitter at $60 per share at a higher price than Elon Musk and supported using DOGE.
Tron founder Justin Sun recommends crypto and Web3 friendly Twitter
Tron founder Justin Sun is just one of Tesla CEO Elon Musk’s $54.20 per share bid to buy the social media giant A few hours later, he made a higher-priced offer, which included keeping Twitter private.
Offering $60 per share, the Tron founder agreed to support Musk’s proposed changes to the platform, including an edit button, freedom of speech, a subscription service with Dogecoin payment availability, and an advertising ban. Justin Sun announced on April 14 that he will make Twitter a better platform by unleashing all his talents. Moreover, Tron Founder wants to make Twitter a crypto-specific and Web3-friendly platform, just like Elon Musk.
As we have covered in the news onKriptokoin.com, Elon Musk refused to become a board member on Twitter because a board member was not allowed to own more than 15% of the company’s stock. It has now come out with an SEC filing revealing its offer to buy Twitter outright for much greater equity value. Musk believes changes are impossible until Twitter becomes a public company and has no confidence in management.
Justin Sun, on the other hand, wants to make Twitter private and decentralize its workforce, while also making it neutral and less US-centric. It also promotes a more open and decentralized Web3 approach to Twitter, promoting more open source for developers. Sun aims to develop a mechanism to ban scammers and bots to increase user engagement. However, despite offering a higher share price than Musk, Justin Sun has so far not made an official offer directly via Twitter.
Dogecoin price jumps after Elon Musk’s bid
Elon Musk, a better influencer than Tron founder, increased the price of Dogecoin (DOGE) by more than 5% with a buyout offer. After the announcement, the price rallied from $0.1381 to $0.1463 in just one hour. However, DOGE price is currently trading around $0.142, with trading volume up 24% over the past few hours.
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