As Elon Musk continues to hint at a tender offer to takeover Twitter, Ripple’s chief technology officer, David Schwartz, has slammed the billionaire for his not so pure intentions.
Schwartz took to Twitter to disagree with Musk’s theory of how social media platforms should run, calling it “incredibly bad.”
Refuting Musk’s ‘free speech’ analogy, the XRP Ledger architect said, “You reward the side that has the most people with the most extreme views and you punish the side with the most people with extreme views.”
Musk’s free speech analogy flawed as per Ripple CTO
Schwartz further raised the root problem in social media moderation, calling Musk’s solution an ill-researched and ‘top of his head’ policy. The executive also accused the billionaire, adding, “He’s trying to push Twitter’s moderation policy to give better treatment to political speech he favors and to give worse treatment to political speech he disfavors.”
Previously, Ethereum co-founder Vitalik Buterin and former Twitter CEO Jack Dorsey had also signaled that Musk might be setting a wrong precedent with the Twitter bid. Buterin had said that while he doesn’t oppose Musk running Twitter, he disagrees “with the more generalized enthusiasm for wealthy people/orgs hostile-takeovering social media firms.”
In this regard, Dorsey opined that no individual or institution should own social media or media companies. Dogecoin co-founder Jackson Palmer was also quick to take a dig at Musk, despite the latter being fondly called DOGEfather.
But, there are supporters of Musk as well.
Mike Huckabee, Former Governor of Arkansas said, “Whether Elon Musk ultimately buys Twitter, he’s done the world an invaluable service by forcing leftists to admit that Twitter & other social media outlets are biased & censorious…”
Tender offer incoming?
It was only last week that Elon Musk revealed his controversial $43 billion offer with the SEC to buy Twitter. His bid came days after he turned down a seat on the company’s board of directors.
Even as the road to a Twitter takeover is long, the Tesla and SpaceX chief has added fuel to his bid from his latest ‘cryptic’ tweet.
Bloomberg speculated in its latest report that the missing word could be “Tender” for the phrase “is the Night.”
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