Dogecoin co-founder blames Elon Musk for launching hostile takeover of Twitter
World’s Richest Man Launching Hostile Takeover Bid On Twitter Isn’t Jackson Palmer’s Idea Of Freedom
Dogecoin co-founder Jackson Palmer has criticized Centibillionaire Elon Musk’s unsolicited offer to buy social media giant Twitter for $43 billion.
While Musk told the US Securities and Exchange Commission that his offer is “good” for free speech, some have argued that he is the last person who should acquire one of the most influential social media companies for its track record of online harassment by young people.
Palmer claims that associating any kind of “freedom” with the world’s richest man launching a hostile takeover of Twitter “requires pretty impressive mental gymnastics.”
Last July, Palmer lashed out at the cryptocurrency community in a viral tweet, claiming that the industry is controlled by a powerful cartel of wealthy figures. The Dogecoin co-founder said he would stop discussing crypto-related topics after parting ways with the “toxic” cryptocurrency community in 2015.
In May, Palmer called Musk, one of Dogecoin’s main promoters, “a self-centered con man.”
Musk’s controversial bid was predicted by many analysts. After acquiring a 9.2% passive stake in the company and becoming the largest shareholder, the Tesla boss backed out of his plan to join Twitter’s board of directors so as not to limit his maximum stake. to 14.9%.
The centibillionare’s daring plan to take over Twitter is likely to go awry. According to a report The Information, citing a source familiar with the matter, said Musk’s offer was deemed “unwanted” by the company’s board of directors. Saudi Prince Alwaleed bin Talal Al Saud, one of the social media platform’s largest shareholders, has already rejected the deal in a tweet†