Elon Musk has successfully finished the $44 billion deal to buy Twitter. He is now the new owner of Twitter, Inc. After a long legal battle that took several months, the multibillionaire was finally able to add social media giants to his empire.
According to reports, following the completion of the takeover deal, Musk fired several key representatives from Twitter. According to the sources, he dismissed Parag Agrawal, who served as CEO, Ned Segal, who served as CFO, Vijay Gadde, who served as head of legal policy, trust & safety, and Sean Edgett (general counsel). Executives from Twitter, on the other hand, have not yet responded to the most recent revelations.
According to recent reports, Elon Musk recently disclosed to the potential investors in his acquisition of Twitter that he intends to lay off nearly 75 percent of the company’s 7,500 workers.
Elon Musk updated his profile information.
On Thursday, the CEO of Tesla made an appearance at the headquarters of Twitter accompanied by a sink. He then tweeted, “Entering Twitter HQ – let that sink in!” After some time had passed, Musk informed advertisers on Twitter that he was in the process of purchasing Twitter.
Musk added:
it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.
He asserted that Twitter must be “warm and welcoming to all” and added that the platform enables users to “choose your desired experience according to your preferences, just as you can choose, for instance, to watch movies or play video games ranging from all ages to mature.” He was referring to the fact that you can choose to watch movies or play video games ranging from all ages to mature.
Additionally, the billionaire shared a photo of himself interacting with others at the coffee bar located in the Twitter headquarters. While this was going on, the “Burnt Hair Perfume Salesman” updated his Twitter bio to include the title “Chief Twit.”
The conflict between Elon Musk and Twitter has already attracted a significant amount of attention all over the world. Musk had originally intended to purchase Twitter, but he changed his mind after the social media company allegedly provided incorrect information regarding spam bots. He stated that this was the reason for his change of heart. As a result of his withdrawal from the venture, Twitter is in violation of the contractual commitments it had made.
However, Musk ultimately decided to change his mind and stated that he would buy Twitter for the price of $54.20 per share, as was previously agreed upon.
Dogecoin Is On Cloud 9 after Elon Musk’s Tweets
We saw a huge spike in the DOGE prices when the acquisition was about to happen and it still maintained the price on the 3rd day! As we all know Dogecoin is one of the favorite cryptocurrencies out there and it will be going further upside after this amazing news. Some analysts have predicted that it will reach $0.15 by this December and some even agreed to a $0.3 price for DOGE in the coming days.
Additionally, DOGE’s market cap increased by 28% and was approximately $10 billion at the time of the aforementioned update. Additionally, the trading volume of memecoin has increased by approximately 200%, and at the moment, Dogecoin has a trading volume of approximately $1 billion per 24-hour period. Despite this, the token is currently trading at a value that is 67% lower than its all-time high of $0.7376, which was recorded on May 8, 2021.
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