As Elon Musk awaits an official decision on whether Twitter will approve his takeover bid, a founder of the crypto investment platform says the Tesla CEO’s heart and mind are “in the right place” .
“Elon takes a very reasonable approach to the importance of the Twitter platform,” Domain Money CEO Adam Dell told “Cavuto: Coast to Coast” on Friday.
“There is no doubt that these social media platforms have a real role and a level of responsibility in our society that needs to be handled very delicately.”
ELON MUSK EXPLORES PROCUREMENT OFFER ON TWITTER, SECURE $46.5 BILLION IN FUNDING COMMITMENTS FOR TAKEOVER BID
Dell’s comments follow Musk securing around $46.5 billion to help fund a potential deal with Twitter.
He noted that Musk’s attempt to bring more transparency to social media platforms is a “good thing” for our society.
“Hate and negative feelings rise to the top, deeper than positive feelings,” Dell pointed out.
“Real information, real facts, rather than misleading things, are not well identified on these social media platforms, and that needs to change.”
Meanwhile, Dell has first-hand experience working with highly successful companies, as its Domain Money business is a crypto investment platform that prides itself on helping customers invest more easily across all asset classes. .
He is also a former Goldman Sachs partner and his brother, Michael Dell, is the CEO of Dell Technologies, one of the world’s largest technology infrastructure companies.
FOX Business host Neil Cavuto asked Dell how Domain Money can help with crypto regulation in an extremely volatile market.
“Investors recognize that they should make crypto a more meaningful part of their investment portfolio, but are quite disconnected from the underlying technologies,” he replied.
“We build portfolios managed by our investment team to allow investors access to this asset class without the need for the next market every day.”