Musk’s Twitter purchase will truly enable freedom of speech – Brian Armstrong
Musk will bring decentralization to Twitter – Jack Dorsey
Brian Armstrong, Coinbase CEO, has shared his view regarding the Twitter takeover by Elon Musk. Using a tweet thread, Armstrong stated that Musk’s takeover of the social platform is a “great win for free speech.” According to him, the platform users would experience more positive and significant changes than they can ever imagine.
Armstrong noted that censorship of content on Twitter was gradually pushing the platform along a slippery slope. He added that Musk is courageous for taking the big task of turning around the social platform to what it was initially created to do.
He also hoped that Twitter would become a decentralized protocol with time. “Freedom of all kinds is worth fighting for – economic, speech, due process, etc.,” Armstrong stated in another tweet.
Freedom of all kinds is worth fighting for – economic, speech, due process, etc.
We need more companies standing for freedom. The freedom stack.
— Brian Armstrong – barmstrong.eth (@brian_armstrong) April 26, 2022
Dorsey also supports Musk’s Twitter acquisition
Apart from Brian Armstrong, Twitter founder, Jack Dorsey’s comments on the acquisition also showed that he is in support of the acquisition. Dorsey made a tweet thread to express his support for Twitter’s purchase by the world’s richest man. He opined that Twitter should be a decentralized protocol and not a company run by anybody.
In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.
— jack⚡️ (@jack) April 26, 2022
Then, he added that he trusts Elon Musk to solve Twitter’s centralization problems. Part of Dorsey’s tweets showed that he has always wanted Twitter to be a decentralized platform, but he couldn’t make it happen. He said, “it has been owned by wall street and the ad model.”
The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.
— jack⚡️ (@jack) April 26, 2022
Hence, he suggested that the first corrective step should be taking back Twitter from wall street. While Dorsey believes that the social platform will keep serving public discussion, he thanked Musk for purchasing the social platform and thanked the company’s CEO, Parag Agrawal, for making the sale happen and “getting the company out of an impossible situation.”
According TheCryptoBasic reported, Musk’s Twitter purchase was completed for $44B. This amount represents a 38% premium over Twitter’s stock price 24 hours before Musk announced his 9.3% stake in the firm.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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