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    Dogecoin Skyrockets As Elon Musk’s Twitter Deal Nears Completion

    In April, Elon Musk agreed to buy Twitter for $44 billion, but just a few weeks later, he appeared to regret his decision and tried to back out. Twitter then filed a lawsuit to force Elon Musk complete his deal. The case was scheduled to go to trial this month but now, the billionaire changed his mind and decided to buy back. The Delaware Chancery Court judge in the case delayed the trial, giving a deadline of Oct 28 for the deal’s completion.

    Finally, this billionaire posted a video on Wednesday showing that he visited Twitter’s San Francisco headquarters, carrying a sink to indicate that the reality of his ownership should “sink in”.

    Elon Musk then changed his profile on Twitter by describing himself as “Chief Twit” and marking his location as “Twitter HQ”. However, some of Twitter’s 7,500 employees were confused because of reports that Elon Musk planned to lay off as much as 75% of them. Twitter told workers that current management had no plans for layoffs but could make no promises about what Elon Musk might do.

    On Wednesday, Ms. Berland, Chief Marketing Officer & Head of People at Twitter, encouraged Twitter employees to greet Elon Musk if they saw him in the office: “If you’re in SF and see him around, say hi!”

    This is considered the end of all  controversy surrounding Musk’s acquisition of Twitter. The price of Dogecoin (DOGE), the famous meme coin promoted by Musk and accepted by Tesla as a payment method, has skyrocketed as much as 16% after news that Elon Musk would complete the Twitter deal by the end of this week. Dogecoin is trading at $0.077 on CoinMarketCap.

    Source: CoinMarketCap

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