Cardano Founder Compares New Developments In Elon Musk Twitter Deal To A “One Night Stand” With Dire Consequences

New developments in Elon Musk Twitter deal as the shareholder’s vote in favor of the buyout.

In a tweet today, the founder of Input Output Global (IOG), the developers of the Cardano network Charles Hoskinson compared the Elon Musk Twitter buyout deal to a one-night stand with long-lasting consequences as Twitter continues to push to enforce the deal despite the loss of interest from Musk.

“The Elon Musk/Twitter buyout is the equivalent of a one-night stand followed by a shotgun wedding nine months later. I’ve never seen anything like it,” Hoskinson wrote in his tweet.

The Elon Musk/Twitter buyout is the equivalent of a one night stand followed by a shotgun wedding nine months later. I’ve never seen anything like it

— Charles Hoskinson (@IOHK_Charles) September 14, 2022

The latest statement by the Cardano chief comes moments after reports confirmed that Twitter shareholders voted to approve Musk’s $44 billion bid for the company on Tuesday. Notably, the move confirms that Twitter will be trying to force the deal with a court decision despite Musk and his camp pushing to terminate it.

Earlier this year, the Tesla chief created quite the stir as he announced plans to buy out the popular microblogging platform to promote free speech and maximize the company’s potential by taking it private. It bears mentioning that Twitter has played a big role in shaping narratives and social movements in recent years. However, Musk and other community members have expressed concern over the platform’s position on free speech this year.

Notably, Elon Musk’s bid received much support from the crypto space, attracting investments from firms like Binance, with founders like Charles Hoskinson offering to help the billionaire build a decentralized platform. Additionally, the Dogecoin community was excited at the prospect of DOGE being accepted as a means of payment on Twitter, as Elon Musk has made DOGE accepted as means of payment for other companies he owns.

However, in July, the world’s richest man decided to pull out of the deal, expressing concern that Twitter is not being honest about the number of bots on the platform. Notably, Twitter maintains that bots constitute less than 5% of its monetizable daily active users, but Musk believes it is much more.

Consequently, Twitter has filed a case with a Delaware state court to force the deal. The 5-day trial will decide the deal’s fate and will begin on October 17.

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