If you haven't heard about the news already, Steemit has been sold to Justin Sun. It was announced yesterday on February 14, 2020. Justin Sun wrote on Steemit:
Today, TRON joins forces with the Steem community & Steemit. We are so excited about this collaboration and value the voice of this thriving community.
By committing a meaningful percentage of the STEEM token, TRON now aligns the same interests with the Steem community, to bring the value to STEEM token, to keep the core value of decentralization, to grow a one-of-a-kind decentralized social media platform.
Steem community and Steemit team have been pioneering the decentralized social media initiative and now with this strategic partnership, together we have more resources, capital and bandwidth to make this goal achievable. The fact both TRON and STEEM went up today post the announcement only proves that the market and industry at large view this partnership as a mutually beneficial alliance. We will work closely with the Steemit team and Steem community on the details of how we will execute this collaboration step by step.
Please join us in this endeavor, follow me on Twitter @justinsuntron, and voice your opinions as we pursue this exciting journey!! Thank you!
Sun says collaboration, however, Founder of Steemit Ned Scott also Tweeted yesterday that he has sold Steemit to Justin Sun.
The original founders Ned Scott and Dan Larimer has moved on from Steem and Steemit. That tells you something about that coin...