Coinbase CEO Brian Armstrong supported Elon Musk’s decision to buy Twitter.

Elon’s twitter purchase is a huge win for freedom of expression and is probably changing the course of the world more than most people realize. Twitter is above media and culture in many ways and was heading in a very dangerous direction when it comes to censorship.

— Brian Armstrong — barmstrong.eth (@brian_armstrong) April 26, 2022

“Elon’s acquisition of Twitter is a huge win for freedom of expression and is probably changing the course of the world more than most people realize. Twitter is above the media and culture in many ways and has evolved in a very dangerous direction. [в плане] censorship,” Armstrong wrote.

He expressed hope that over time the social network could be transformed into a decentralized protocol. According to the head of Coinbase, this will be “maximum protection against renewal.” choose together“.

It is worth fighting for any freedom – economic, speech, legal process, etc.

We need more companies that defend freedom. Freedom stack.

— Brian Armstrong — barmstrong.eth (@brian_armstrong) April 26, 2022

“This is a comprehensive job as it does this and takes on the challenge in a way that most people cannot even imagine,” said the CEO of the Bitcoin exchange.

In early April, Musk bought a 9.2% stake for $2.89 billion, making it Twitter’s largest shareholder.

The entrepreneur, who offered to buy the social network for more than $43 billion on April 14, explained it not out of a desire to make money, but to create an “inclusive arena for freedom of speech.”

Twitter management initially did not consider the entrepreneur’s proposal and approved the takeover protection plan. However, he later revised his position.

On April 25, the board of directors approved the sale of the company to Musk for $44 billion.Tesla’s chairman will pay $54.2 per share. Commenting on the deal, Tesla’s chairman described Twitter as a “digital town square” where vital questions about the future of humanity are discussed.

Previously, Ethereum co-founder Vitalik Buterin supported the takeover of Twitter by Musk, but doubted the overall positive impact of media platforms’ transition into billionaire ownership.

Recall that Bluesky’s project to develop an open decentralized standards for social networks declared its independence from Twitter and the controlling stakeholder.