{"id":60277,"date":"2022-04-18T14:37:22","date_gmt":"2022-04-18T11:37:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60277"},"modified":"2025-09-05T02:28:59","modified_gmt":"2025-09-04T23:28:59","slug":"vitalik-buterin-backs-elon-musks-twitter-takeover","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vitalik-buterin-backs-elon-musks-twitter-takeover\/","title":{"rendered":"Vitalik Buterin backs Elon Musk&#8217;s Twitter takeover"},"content":{"rendered":"<p>The Ethereum cofounder Vitalik Buterin has expressed support for Elon Musk&#8217;s takeover of Twitter, but questioned the overall positive impact of media platforms coming under billionaire ownership.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Don\u2019t oppose Elon running twitter (at least compared to status quo), but I do disagree with the more generalized enthusiasm for wealthy people\/orgs hostile-takeovering social media firms. That could easily go *very* wrong (eg. imagine an ethically-challenged foreign gov doing it) <a href=\"https:\/\/t.co\/LDqjXh3xCK\">https:\/\/t.co\/LDqjXh3xCK<\/a><\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1515108681012355072?ref_src=twsrc%5Etfw\">April 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Buterin, hostile takeovers with low barriers can discipline management. But this may not work for the media, especially social networks. They wield a very high degree of influence, but often have low monetization and relatively modest market capitalization, making them targets for such deals.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The problem is particularly bad in the social media case because media platforms combine very high levels of influence with often low monetizability (and so low market cap -> cheap to acquire)<\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1515110340279046144?ref_src=twsrc%5Etfw\">April 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Buterin proposed imagining a scenario in which Saudi Arabia&#8217;s heir apparent Al-Waleed bin Talal increases his stake in Twitter from 5% to 50%. In this case, the country&#8217;s leader with &#8220;ethical concerns&#8221; would gain far more influence over the platform&#8217;s policy than the rise in his stake in the company, said the Ethereum cofounder.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">The \u00abbut that Saudi guy already owns 5%\u00bb point is well taken but ultimately weak imo. Control is superlinear in ownership stake. His level of ability to control policy is very low now, and would increase by *far* more than 10x if his ownership increased to 50%.<\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1515220192900820993?ref_src=twsrc%5Etfw\">April 16, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Buterin argues that Twitter provides a public utility. The platform should not be controlled by authorities.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">I personally consider twitter to be a public utility, but where there are lots of very good reasons why that \u00abpublic\u00bb should not be represented by any specific government. Hence the challenge\u2026<\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1515111186836373504?ref_src=twsrc%5Etfw\">April 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Ethereum cofounder was supported by Twitter founder Jack Dorsey.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">same<\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1515166995330830342?ref_src=twsrc%5Etfw\">April 16, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Binance CEO Changpeng Zhao suggested that the board&#8217;s <a href=\"https:\/\/www.investopedia.com\/terms\/p\/poisonpill.asp#:~:text=A%20poison%20pill%20is%20a,of%20a%20new,%20hostile%20party\">poison pill<\/a> may not align with investors&#8217; interests.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">This is how capitalism works, right? The \u00abpoison pill\u00bb on the other hand, sounds unfair. The board seems to be protecting itself (power\/control) over the interests of all the investors. Anyway, I am sure there is more than what\u2019s on the surface.<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1515221371407769601?ref_src=twsrc%5Etfw\">April 16, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The board-approved plan <a href=\"https:\/\/forklog.io\/v-twitter-vnedrili-plan-po-zashhite-ot-pogloshheniya-ilona-maska\/\">\u043f\u043e\u0437\u0432\u043e\u043b\u044f\u0435\u0442<\/a> \u0430\u043a\u0446\u0438\u043e\u043d\u0435\u0440\u0430\u043c \u043f\u043e\u043a\u0443\u043f\u0430\u0442\u044c \u0434\u043e\u043f\u043e\u043b\u043d\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0435 \u0430\u043a\u0446\u0438\u0438 \u0441\u043e \u0441\u043a\u0438\u0434\u043a\u043e\u0439 \u0432 \u0441\u043b\u0443\u0447\u0430\u0435 \u043f\u0440\u0438\u043e\u0431\u0440\u0435\u0442\u0435\u043d\u0438\u044f \u043b\u044e\u0431\u043e\u0439 \u043e\u0440\u0433\u0430\u043d\u0438\u0437\u0430\u0446\u0438\u0435\u0439 \u0438\u043b\u0438 \u0444\u0438\u0437\u043b\u0438\u0446\u043e\u043c \u043e\u0442 15% \u0446\u0435\u043d\u043d\u044b\u0445 \u0431\u0443\u043c\u0430\u0433 Twitter \u0431\u0435\u0437 \u043e\u0434\u043e\u0431\u0440\u0435\u043d\u0438\u044f \u0441\u043e\u0432\u0435\u0442\u043e\u043c \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440\u043e\u0432.<\/p>\n<p>Earlier, Musk became the company\u2019s largest shareholder after <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-acquires-9-2-stake-in-twitter\">acquiring 9.2% of shares for $2.89 billion<\/a>. He proposed lowering the price of Twitter Blue and <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-proposes-paying-for-twitter-blue-with-dogecoin\">adding payments in Dogecoin (DOGE)<\/a>.<\/p>\n<p>On April 14, Musk <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-proposes-over-43-billion-to-buy-twitter\">proposed buying Twitter for more than $43 billion<\/a>. He explained this <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-explains-why-he-wants-to-buy-twitter\">as an intention to create an \u201cinclusive arena for freedom of speech\u201d<\/a>, rather than a money-making venture.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 all the news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum cofounder Vitalik Buterin said he supported Elon Musk&#8217;s Twitter takeover, but questioned the overall positive impact of media platforms coming under billionaire ownership.<\/p>\n","protected":false},"author":1,"featured_media":60278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,40,200],"class_list":["post-60277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-twitter","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60277"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60277\/revisions"}],"predecessor-version":[{"id":60279,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60277\/revisions\/60279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60278"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}