Jackson Palmer — a co-founder of the world's top memecoin Dogecoin (CRYPTO: DOGE) — harshly criticized the involvement of tech tycoon and Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk with social media giant Twitter Inc . (NYSE: NYSE:TWTR).
What Happened: Palmer wrote in a Thursday tweet that "it takes some pretty impressive mental gymnastics to associate any type of 'freedom' with the richest man in the world initiating a hostile takeover and forcing one of the largest public social media platforms private" referring to Musk's increasing involvement with Twitter.
Also Read: Poll Find 73% Want Elon Musk To Takeover Twitter; The Tesla CEO Responds
A statement this critical coming from a co-founder of Dogecoin may surprise many, but not those who know Palmer well enough. In July 2021 he wrote — in a thread that is still pinned on his Twitter profile — that he abandoned crypto and does not plan to come back since he believes that it "is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity."
Photo: Courtesy of TED Conference on Flickr
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.