Bidder to buy Twitter, the social media platform he actively uses Tesla CEO Elon Musk It still continues to be on the agenda with the acquisition of Twitter.
Finally David Schwartz, CTO of Ripple (XRP), He responded to Elon Musk’s Twitter post.
Elon Musk shared yesterday “A social media platform’s policies are good when the extreme 10% on the left and right are equally unhappy.” used the phrases.
Schwartz, Musk Twitter He said that there is another real reason behind the offer to buy, and that this reason is not freedom of expression, as Musk stated.
Criticizing this view of Musk Ripple The manager stated that this perspective may be beneficial for unreasonable people on the social media platform, but it would be to punish reasonable people.
“This is an incredibly bad policy that is ridiculous and poorly functioning. It rewards irrational people and punishes reasonable people.”
David Schwartz, He thinks Musk’s real goal is not to create the best environment for free speech.
In this context, Schwartz claims that one of Twitter’s major shareholders, Elon Musk, is trying to change Twitter’s moderation policy in order to provide better conditions for the political opinion he supports.
Continuing to criticize Musk Ripple The executive noted that Musk had never spoken to anyone in authority about Twitter’s policy issues, which he was considering.
This is an incredibly bad policy that works absurdly poorly. It rewards unreasonable people and punishes reasonable people. And if there’s one lesson to learn from economics, it’s that people respond to incentives. 1/6 https://t.co/xF9zBCIoE2
— 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) April 19, 2022
First, with Twitter share purchases, it is the largest shareholder of the platform. Elon Musklater said that he wanted to buy the whole of Twitter at a price of $ 54.20 per share, for a total of $ 43 billion.
While Twitter management has not yet made a decision on this issue, one of the biggest shareholders of Twitter, like Elon Musk, Saudi Prince Al-Walid bin Talal, He stated that he did not accept Musk’s offer.