Cardano founder Charles Hoskinson has proposed creating a new decentralized social media platform from scratch together with Tesla Elon Musk in case the centibillionaire's audacious attempt to take over Twitter fails.
Douglas Horn, the chief architect of the Telos blockchain, facetiously predicted that the project would be delivered by 2035. Another Twitter user joked that the platform would only be able to send 10 messages per minute, alluding to various tech issues plaguing Cardano-based applications.
As reported by U.Today, Musk made an offer to pay $41 billion to take Twitter private, claiming that the unsolicited bid was meant to protect freedom of speech. Prior to that, he acquired a 9.2% stake in the company.
The idea that the world's richest person, who has used Twitter to publicly troll, harass and intimidate people could become the owner of the highly influential social media platform expectedly caused a lot of controversy. Dogecoin co-founder Jackson Palmer criticized Musk for attempting a hostile takeover of Twitter.
Alex DovbnyaMusk is "not sure" whether or not he will succeed in taking over Twitter but claims that he has "a Plan B." Saudi Prince Alwaleed bin Talal Al Saud, a key Twitter shareholder, has shot down Musk's offer. The company's board is also reportedly not willing to accept it.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Denys Serhiichuk
Dan Burgin
Vladislav Sopov