Ethereum co-founder Vitalik Buterin has publicly expressed his thoughts on Elon Musk’s $43 billion cash offer for Twitter.
inTweetOn Saturday, Buterin said he was not opposed to Elon Musk, but he did not agree that the wealthy or corporate would take over the social media company in a hostile bid. And he said this trend could be “much” wrong.
The Ethereum co-founder also said: Those with a 5% stake are ultimately weak. But his ability to control policy will increase by more than 10 times if his ownership increases to 50%, implying that the situation is extremely worrying.
The blockchain community’s interest in buying Elon Musk’s Twitter was first revealed by TRON’s Justin Sun, who bid 10.7 percent higher at $60 per share. That’s more than Elon Musk’s $54.20 offer.supportMusk’s reform initiative and “loves to see Twitter become crypto-native and Web3 friendly.”
I believe @Twitter is far from unleashing its full potential, thus I am offering $60 per share to take the platform private. But we fully support the reform initiatives of @elonmusk and would love to see Twitter becoming crypto-native and Web3 friendly.
— HE Justin Sun
(@justinsuntron) April 14, 2022
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