Published: 15.04.2022
Article reading time:
2 minutes.
Tesla and SpaceX CEO Elon Musk intends to buy Twitter. Hoskinson suggested that Musk join forces to create a decentralized social network if Twitter refuses the deal.
In March, Elon Musk conducted a survey among his subscribers on whether he should develop an open source platform that would support the principles of democracy and freedom of speech.
The vast majority of survey participants supported his idea, and some users suggested that he add DOGE support to this platform for sending “tips”. Musk recently announced that he was ready to buy all shares of the social network Twitter for $43 billion at a price of 54.20 a share in order to “unleash its true potential.” The billionaire is confident that this platform cannot achieve its social goals in its current state.
IOHK CEO Charles Hoskinson commented on the situation on Twitter. Hoskinson wrote Musk that if Twitter refuses to make a deal, he is ready to cooperate with him to create a decentralized social platform. However, it is not surprising that the founder of Cardano is interested in partnering with Musk, because in this case, not only DOGE, but also ADA will be accepted on the platform.
MicroStrategy CEO and founder Michael Saylor also responded to Musk’s offer to buy Twitter. If it is rejected, Sailor recommended that Musk buy bitcoin. He is sure that in the future his rate will only grow, as more and more people believe in the first cryptocurrency as a new asset class.
“If you can’t buy all of Twitter, there’s always the option to buy at least some bitcoin.” wrote Sailor.
At the beginning of the year, Musk criticized Twitter for supporting the NFT, saying the company was misallocating its resources and focusing on “the wrong things.” In addition, Musk is rather skeptical about Web3 and the metaverse, calling them phenomena that are not related to reality.
Source: Bits
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