Elon’s Twitter Offer Is a “Hostile Takeover,” Says Doge Co-founder -Breaking
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© Reuters. Elon’s Twitter Offer Is a “Hostile Takeover,” Says Doge Co-founder- Tesla (NASDAQ:) CEO Elon Musk, the world’s richest man, has bid to buy social media giant Twitter (NYSE:).
- co-founder Jackson Palmer slams Elon Musk’s unsolicited offer of $43 billion.
- Palmer says any type of space with the world’s richest man launching is a hostile takeover.
Dogecoin Co-founder Jackson Palmer criticized centibillionaire Elon Musk’s unsolicited offer to buy social media giant Twitter for $43 billion.
Palmer argued that associating any type of space with the world’s richest man launching a hostile takeover of Twitter takes “some pretty impressive mental gymnastics.”
It takes some pretty impressive mental gymnastics to associate any type of “freedom” with the richest man in the world initiating a hostile takeover and forcing one of the largest public social media platforms private.
— Jackson Palmer (@ummjackson) April 14, 2022
Musk’s controversial offer was predicted by many analysts after he obtained a 9.2% passive stake in the firm, becoming its largest shareholder. The SpaceX CEO backed away from his plan to join Twitter’s board of directors in order not to limit his maximum stake to 14.9%.
Because of his record of juvenile online harassment, many believe he shouldn’t be allowed to take control of one of the biggest social media platforms.
Palmer attacked the crypto community with a viral tweet in July 2021. He claimed that the industry was controlled by wealthy individuals. Dogecoin’s co-founder stated that he will no longer worry about cryptocurrency-related subjects after separating from the toxic community in 2015.
I am often asked if I will “return to cryptocurrency” or begin regularly sharing my thoughts on the topic again. My answer is a wholehearted “no”, but to avoid repeating myself I figure it might be worthwhile briefly explaining why here…
— Jackson Palmer (@ummjackson) July 14, 2021
Palmer, one of Dogecoin’s key supporters, was criticized by Musk as a self-absorbed grifter in May.
Jackson Palmer and Billy Markus established Dogecoin in 2013 as a joke, poking fun at the nascent crypto industry by using the “DOGE” meme. The original meme coin, which was created in 2013, has gained a huge following on the internet and is now the 11th largest cryptocurrency market cap at $19.06 million.
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