{"id":60695,"date":"2022-04-27T16:09:47","date_gmt":"2022-04-27T13:09:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60695"},"modified":"2025-09-05T04:49:37","modified_gmt":"2025-09-05T01:49:37","slug":"coinbase-ceo-hails-elon-musks-twitter-purchase-as-a-victory-for-free-speech","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-ceo-hails-elon-musks-twitter-purchase-as-a-victory-for-free-speech\/","title":{"rendered":"Coinbase CEO hails Elon Musk&#8217;s Twitter purchase as a &#8216;victory for free speech&#8217;"},"content":{"rendered":"<p>Coinbase CEO Brian Armstrong backed Elon Musk&#8217;s decision to acquire Twitter.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Elon buying twitter is a great win for free speech, and probably changes the trajectory of the world more than most people realise. Twitter is upstream of media and culture in many ways, and it was trending in a very dangerous direction on censorship.<\/p>\n<p>\u2014 Brian Armstrong \u2014 barmstrong.eth (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1519019049044172801?ref_src=twsrc%5Etfw\">April 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Elon buying Twitter is a great win for free speech, and it is probably changing the trajectory of the world more than most people realise. Twitter, in many respects, sits above the media and culture, and it has developed in a very dangerous direction in terms of censorship.<\/p>\n<\/blockquote>\n<p>This, in Armstrong&#8217;s view, would be the ultimate protection against <span class='old_tooltip' data-descr=\"the introduction into the composition of a governing body of new members or candidates by its own decision without holding additional elections\">co-option<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Freedom of all kinds is worth fighting for \u2014 economic, speech, due process, etc.<\/p>\n<p>We need more companies standing for freedom. The freedom stack.<\/p>\n<p>\u2014 Brian Armstrong \u2014 barmstrong.eth (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1519029212241293312?ref_src=twsrc%5Etfw\">April 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>This is an all-encompassing effort \u2014 credit to him for tackling it and for taking on the challenge in a way most people could not even imagine,<\/p>\n<p> said the CEO of the bitcoin exchange.<\/p><\/blockquote>\n<p>In early April, Musk became the largest shareholder in Twitter after <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-acquires-9-2-stake-in-twitter\">acquiring 9.2% of the shares for $2.89 billion<\/a>.<\/p>\n<p>On April 14, he <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-proposes-over-43-billion-to-buy-twitter\">proposed to buy the social network for more than $43 billion<\/a>. The entrepreneur described this as <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-explains-why-he-wants-to-buy-twitter\">an intention to create an &#8216;inclusive arena for freedom of speech&#8217;<\/a>, rather than a money-making move.<\/p>\n<p>Initially, Twitter&#8217;s management <a href=\"https:\/\/forklog.io\/v-twitter-vnedrili-plan-po-zashhite-ot-pogloshheniya-ilona-maska\/\">did not welcome<\/a> the entrepreneur&#8217;s offer and approved a plan to defend against a takeover. However, later it <a href=\"https:\/\/u1f987.com\/en\/news\/media-twitter-revisits-elon-musks-takeover-bid\">reconsidered<\/a> its position.<\/p>\n<p>On April 25, the board approved selling the company to Musk <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-to-buy-twitter-for-44-billion-as-dogecoin-jumps-24\">for $44 billion<\/a>. The Tesla chief will pay $54.20 per share. Commenting on the deal, the Tesla head called Twitter a \u201cdigital town square,\u201d where vital questions about humanity&#8217;s future are discussed.<\/p>\n<p>Earlier, Ethereum co-founder Vitalik Buterin <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-backs-elon-musks-twitter-takeover\">supported<\/a> Musk&#8217;s takeover of Twitter but doubted the overall positive effect of turning media platforms into billionaire ownership.<\/p>\n<p>As previously noted, Bluesky, the project to develop an open, decentralised standard for social networks, <a href=\"https:\/\/u1f987.com\/en\/news\/bluesky-project-underscores-independence-from-twitter\">stated its independence<\/a> from Twitter and the controlling shareholder.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 all the news, <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>Coinbase CEO Brian Armstrong backed Elon Musk&#8217;s decision to acquire Twitter.<\/p>\n","protected":false},"author":1,"featured_media":60696,"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":[757,1217,40],"class_list":["post-60695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-brian-armstrong","tag-elon-musk","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60695","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=60695"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60695\/revisions"}],"predecessor-version":[{"id":60697,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60695\/revisions\/60697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60696"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}