Coinbase Global Inc Chief Executive Brian Armstrong is the latest high-profile tech executive to praise Elon Musk’s move to buy Twitter. Armstrong called the deal “a huge victory for free speech” and predicted it could prove to be far more transformative than people thought.
He said Twitter If the company moves to a “decentralized protocol” over time, it could be saved from being “co-opted again.”
The CEO of Coinbase said that all forms of freedom are worth fighting for – economic, speech, due process, etc. “We need more company for freedom. heap of freedom,” He added.
Yesterday, Twitter co-founder Jack Dorsey also praised Musk, calling him a “singular solution” for the company.
“Theoretically, I don’t believe one should own or run Twitter, It wants to be a public good at a protocol level, not a company. However, addressing the problem of being a company, Elon is the only solution I trust. I trust in his mission to spread the light of consciousness,” Dorsey tweeted.
Twitter confirmed the sale of the company on Tuesday musk for $44 billion. Under the terms of the deal, shareholders would receive $54.20 in cash for each share of Twitter stock they owned, matching Musk’s original offer and 38% on the stock price the day before Musk disclosed his stake in the company. Premium will be calculated. Musk has said he wants to make Twitter’s algorithms open source to increase user confidence as humanity’s “digital town square”.