Charles Hoskinson is the CEO and founder of Input-Output Global. He offered his assistance to Elon Musk (CEO of the electric-car manufacturer) in creating a decentralized version Twitter (NYSE:).

Elon Musk wants to buy Twitter

For $2.89 billion, the centibillionaire purchased 9.2% of Twitter. After that, however, Elon Musk decided not to join the social media platform’s board of directors.

Musk bought Twitter in cash for approximately $43 billion to enable free speech. The purchase will help Musk “go through the changes that need to be made” at Twitter.

Hoskinson Proposes to Create a Decentralized Tweeting Platform with Musk

Tesla CEO, (NASDAQ:), had criticised Twitter’s inability to uphold the principles of free speech. Musk, who owns a 9.2% stake in Twitter, said he’ll need to reconsider his position as a shareholder if his bid is rejected.

Replying to Tesla’s boss’ offer to purchase, Hoskinson has offered to build a decentralized social media platform with him. Tweeted his thoughts.

@elonmusk Elon, if Twitter refuses your offer, hit me up. We are happy to help you build one.

— Charles Hoskinson (@IOHK_Charles) April 14, 2022

Hoskinson’s offer comes a few weeks after Musk’s poll on Twitter suggested that he favors launching a decentralized social media platform that adheres to free speech.

Flipside

• Musk’s bid has been met with severe criticisms, with co-founder Jackson Palmer criticizing Musk for attempting a hostile takeover of Twitter.

You should care

Musk’s move for a Twitter that supports free speech has been met with mixed reactions, with some believing that his real motive is to get back at the SEC.

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