Coinbase Global Inc. Chief Executive Brian Armstrong is the latest high-profile tech executive to praise Elon Musk’s move to buy Twitter, calling the deal “a great win for free speech” and predicting that it could prove more transformative than people think.
Elon buying twitter is a great win for free speech, and probably changes the trajectory of the world more than most people realize. Twitter is upstream of media and culture in many ways, and it was trending in a very dangerous direction on censorship.
— Brian Armstrong - barmstrong.eth (@brian_armstrong) April 26, 2022
The social media platform agreed on Monday to accept the Tesla chief’s $44 billion privatization offer, sparking reaction -- both positive and negative -- from politicians to CEOs.
Armstrong said Twitter can be protected from “being co-opted again” if the company moves to a “decentralized protocol over time.”
It's a turn around job, props to him for executing on it and taking on the challenge in a way most people could not even contemplate.
Hopefully twitter can be converted to a decentralized protocol over time, which would be the ultimate protection on it being co-opted again.
— Brian Armstrong - barmstrong.eth (@brian_armstrong) April 26, 2022
Musk has said that he wants to make Twitter’s algorithms open source to increase user trust as humanity’s “digital town square.”
This article was provided by Bloomberg News.