Breaking: Elon Musk Officially Takes Over Twitter, Doge Coin Surges

Elon Musk has officially taken control of Twitter, closing the deal on Thursday, October 27, 2022. In a surprise move, Musk fired CEO Parag Agrawal, CFO Ned Segal, and head of legal and policy Vijaya Gadde. He accused them of misleading him about the number of spam accounts on the platform.

Musk had previously threatened to back out of the deal if Twitter could not provide proof that spam accounts made up less than 5% of its active users. He has said that he wants to make Twitter a more open and free platform for speech, and he has also expressed interest in adding Dogecoin as a payment option.

Dogecoin, the meme cryptocurrency that Musk has long been a fan of, saw a surge in value following the news of the Twitter acquisition. The coin’s price jumped 21% in the 24 hours after the deal was announced, and it briefly reached a high of $0.08476. However, it has since given back some of those gains, and it was trading at $0.07479 at the time of writing.

It remains to be seen what Musk’s plans are for Twitter and Dogecoin. However, his acquisition of the social media platform has certainly sent shockwaves through the cryptocurrency community.

What does the future hold for Twitter and Dogecoin?

It is difficult to say for sure what the future holds for Twitter and Dogecoin under Elon Musk’s leadership. However, there are a few things that we can speculate on.

First, it is likely that Musk will make Twitter a more open and free platform for speech. He has said that he wants to “make Twitter better than ever by defeating the spam bots, authenticating all humans, and making the algorithms open source to increase trust.” This could lead to a more vibrant and diverse conversation on the platform, but it could also lead to an increase in harmful content.

Second, Musk has expressed interest in adding Dogecoin as a payment option on Twitter. This could be a major boost for the meme cryptocurrency, and it could make it more widely accepted as a form of payment. However, it is important to note that Dogecoin is a very volatile asset, and its value could fluctuate wildly if it becomes more widely used.

Overall, the future of Twitter and Dogecoin under Elon Musk’s leadership is uncertain. However, it is clear that Musk is a visionary leader who is not afraid to shake things up. It will be interesting to see what he does with these two platforms in the years to come.