{"id":437315,"date":"2022-04-25T23:45:00","date_gmt":"2022-04-25T20:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musk-buys-twitter-for-44b-crypto-industry-reacts\/"},"modified":"2022-04-25T23:45:00","modified_gmt":"2022-04-25T20:45:00","slug":"elon-musk-buys-twitter-for-44b-crypto-industry-reacts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musk-buys-twitter-for-44b-crypto-industry-reacts\/","title":{"rendered":"# Elon Musk buys Twitter for $44B \u2014 crypto industry reacts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dfb8d0f6f7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dfb8d0f6f7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/elon-musk-buys-twitter-for-44b-crypto-industry-reacts\/#%E2%80%9D_Elon_Musk_buys_Twitter_for_44B_%E2%80%94_crypto_industry_reacts_%E2%80%9C\" >&#8221; Elon Musk buys Twitter for $44B \u2014 crypto industry reacts  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Elon_Musk_buys_Twitter_for_44B_%E2%80%94_crypto_industry_reacts_%E2%80%9C\"><\/span>&#8221; Elon Musk buys Twitter for $44B \u2014 crypto industry reacts  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMWY1NTBmOTEtZTlmNC00ZmUyLTkxOTItYTMxYjU2ZTcwMDQwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>In the hours and days before Tesla CEO Elon Musk\u2019s purchase of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> giant Twitter, discussions on free speech were common among many online users both in and out of the crypto industry.<\/p>\n<p>Twitter <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/elon-musk-to-acquire-twitter-301532245.html\">announced<\/a> on Monday that it will become a privately held company following its board of directors accepting a bid from Musk to purchase the firm\u2019s stock for $54.20 per share in cash \u2014 roughly $44 billion. Though the transaction is expected to close in 2022, it is still subject to the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval of Twitter stockholders as well as certain regulators.<\/p>\n<p>In one of his last tweets prior to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of the purchase becoming public, Musk <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1518623997054918657\">said<\/a>,\u00a0\u201cI hope that even my worst critics remain on Twitter because that is what free speech means.\u201d Twitter quoted the Tesla CEO saying \u201cfree speech is the bedrock of a functioning democracy, and Twitter is the digital town square.\u201d<\/p>\n<p>Many, however, seemed to view the multi-billion dollar purchase as potentially having the opposite result. Angelo Carusone, president of nonprofit media watchdog Media Matters for America, expressed concerns prior to the announcement that Twitter agreeing to the sale \u201cwould be a victory for disinformation and the people who peddle it,\u201d suggesting that Musk might unilaterally decide to allow those banned from the platform for inciting violence back on. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GoAngelo?ref_src=twsrc%5Etfw\">@GoAngelo<\/a>: &#8220;A sale to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ElonMusk?src=hash&amp;ref_src=twsrc%5Etfw\">#ElonMusk<\/a> without any conditions will pollute the entire information ecosystem by opening the floodgate of hate and lies. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Twitter?src=hash&amp;ref_src=twsrc%5Etfw\">#Twitter<\/a>&#8216;s board needs to take this into account now before the deal is done.&#8221; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WBoEr1p9Lb\">https:\/\/t.co\/WBoEr1p9Lb<\/a><\/p>\n<p>\u2014 Francisco Taveira (@jftaveira1993) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jftaveira1993\/status\/1518649422212702209?ref_src=twsrc%5Etfw\">April 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nJackson Palmer, the co-creator of the meme-based token Dogecoin (DOGE), which Musk has often pushed on the social media platform, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ummjackson\/status\/1514634090049273859\">called<\/a> the acquisition a \u201chostile takeover\u201d antithetical to the idea of freedom. Bitcoin bull Anthony &#8220;Pomp&#8221; Pompliano <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/APompliano\/status\/1518678967141740546\">congratulated<\/a> the new Twitter owner, while crypto lending firm BlockFi seemed to take more of a comical stance, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BlockFi\/status\/1518678911969861635\">posting<\/a> a mashup photo of the Dogecoin dog and Twitter\u2019s logo. <\/p>\n<p>MicroStrategy founder and CEO Michael Saylor did not comment directly on the acquisition, instead <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1518637399026323456\">replying<\/a> to Musk with the text of the first amendment of the United States Constitution in a tweet, suggesting he supports the move. House of Representatives member Jody Hice, who has supported false claims of fraud in the 2020 U.S. Presidential Election, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CongressmanHice\/status\/1518667107319398400\">lauded<\/a> the transaction as a win for the first amendment as well. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Elon Musk just bought Twitter!<\/p>\n<p>WELCOME BACK FIRST AMENDMENT!<\/p>\n<p>\u2014 Rep. Jody Hice (@CongressmanHice) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CongressmanHice\/status\/1518667107319398400?ref_src=twsrc%5Etfw\">April 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It\u2019s unclear what first amendment proponents may have meant by their support of Musk\u2019s purchase of Twitter, as the constitutional amendment does not limit private employers in the United States, but rather prevents Congress from passing laws prohibiting certain types of speech. U.S. courts have previously <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.uscourts.gov\/about-federal-courts\/educational-resources\/about-educational-outreach\/activity-resources\/what-does\">ruled<\/a> that freedom of expression does not extend to inciting \u201cimminent lawless action.&#8221; Similarly, Twitter&#8217;s rules <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/help.twitter.com\/en\/rules-and-policies\/twitter-rules\">state<\/a> the platform does not allow users to &#8220;threaten violence against an individual or a group of people&#8221; or\u00a0incite others to engage in targeted harassment.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cThe first amendment\u2019s free speech protections don\u2019t apply to private companies\u201d was never meant to be a challenge and yet here we are<\/p>\n<p>\u2014 Hayes Brown (@HayesBrown) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HayesBrown\/status\/1518666743908114433?ref_src=twsrc%5Etfw\">April 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Musk, with more than 83 million followers \u2014 far more than former Twitter CEO Jack Dorsey at 6.3 million \u2014 may influence behavior on the platform and social media as a whole as a result of the purchase. The Tesla CEO said on April 14 that one of his top priorities for Twitter would be to eliminate \u201cspam and scam bots and the bot armies,\u201d including those connected to crypto scams. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk Twitter takeover nears<\/em><\/strong><\/p>\n<p>At the time of publication, shares of Twitter are priced at $51.70, having risen more than 32% in the last 30 days.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/elon-musk-buys-twitter-for-44b-crypto-industry-reacts\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Elon Musk buys Twitter for $44B \u2014 crypto industry reacts &#8220; In the hours and days before Tesla CEO Elon Musk\u2019s purchase of social media giant Twitter, discussions on free speech were common among many online users both in and out of the crypto industry. Twitter announced on Monday that it will become a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMWY1NTBmOTEtZTlmNC00ZmUyLTkxOTItYTMxYjU2ZTcwMDQwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[117,39394,4976,10401],"class_list":["post-437315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-business","tag-elon-musk","tag-social-media","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437315"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437316"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}