Just hours after Tesla CEO Elon Musk proposed a $54.20 per share proposal to buy Twitter, Tron’s founder Justin Sun offered to take the social media company private at $60 per share.
On April 14, Tron creator Justin Sun said in a tweet that he will make Twitter a better platform by utilizing all of its features. Furthermore, Tron Founder, like Elon Musk, aspires to make Twitter a crypto-dedicated and Web3-friendly site.
Sun agreed to embrace Musk’s proposed platform modifications, including an edit button, freedom of speech, a subscription service with Dogecoin payment options, and a ban on advertising, in exchange for $60 per share.
Elon Musk declined a position on Twitter’s board of directors because a board member cannot own more than 15% of the company’s stock.
Now, he’s filed an SEC filing revealing a bid to buy Twitter outright for a significantly higher equity value. Musk feels that the adjustments will not be achievable until Twitter becomes a publicly traded corporation, and he has little faith in the management.$60
Justin Sun, on the other hand, wants to make Twitter private and decentralize its employees, as well as neutralize it and make it less US-centric. He also suggests that Twitter take a more open and decentralized Web3 approach, making it more open source for developers.
He plans to create a method to block scammers and bots in order to enhance user involvement. Sun, despite offering a larger share price than Musk, has yet to make a formal bid to Twitter directly.
