Market chatter over the past few days is about Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk’s $54.20 per share offer to take Twitter, Inc. (NYSE:TWRT) private. Several high-profile investors and corporate CEOs have had thoughts on the development, and the latest to join the discussion is Ethereum (CRYPTO: ETH) founder Vitalik Buterin.
Don’t Oppose, But… Buterin said he doesn’t oppose Musk taking over the reins of Twitter, especially considering the platform’s status quo position. The Ethereum founder quoted a tweet from Robin Hanson, associate professor of economics at the George Mason University, to explain his views.
Hanson made a point that hostile takeovers should be allowed, as he sees it as a “powerful under used” way to discipline management. Buterin differed with him in opposing the more generalized enthusiasm for wealthy people/organizations going about a hostile takeover of media firms. “That could easily go *very* wrong,” he said.
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