Twitter introduced a new cryptocurrency feature on its platform that allows users to check the current price of bitcoin (BTC) and ether (ETH). The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood. It remains unknown whether those two were somehow involved with the new feature. Twitter’s...Read More
Elon Musk said he will appoint a new Chief Executive Officer of the social media giant as soon as he finds “someone foolish enough” to fill the position. The entrepreneur previously launched a poll asking users whether he should step down as Twitter’s CEO. Over 57% of the participants answered “yes.” Vox Populi, Vox Dei...Read More
Elon Musk has alleged that the former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried, has donated over a billion dollars to the Democratic party to support them in the elections. In a recent discussion on Twitter, Will Manidis, the Chief Executive Office of healthcare AI platform Science, called SBF’s donations to politicians “one of the highest...Read More
New Twitter boss Elon Musk continues to spark controversies, from firing most of the company’s employees to dabbling with key features and restoring banned accounts. Now, the billionaire is up against regulators in the European Union (EU). Musk has, time and again, said that his mission at Twitter is to maximize free speech. He appears...Read More
Twitter’s new CEO – Elon Musk – thinks Sam Bankman-Fried is much better at “bribing media” than managing a cryptocurrency platform. The South African entrepreneur also dismissed the rumors that FTX’s former boss had purchased a $100 million stake at Twitter. Another Wave of Criticism The general public opinion on SBF has undoubtedly changed for...Read More
Just three weeks after acquiring social media giant Twitter, Elon Musk has triggered a mass exit at the company. Within the first week, the billionaire fired top executives, including the CEO and CFO, and eliminated over 3,500 job positions. He has now given an ultimatum for the remaining employees to sign up for “long hours...Read More
The notorious new “Chief Twit,” Elon Musk, may not be so for much longer. After buying Twitter and installing himself as its CEO late last month, the billionaire has revealed plans to leave the management of the firm to another person. Elon is Busy Speaking at B20 Indonesia 2022 on Monday, Musk said he was...Read More
The world’s richest man has once again shared his thoughts on the primary cryptocurrency by means of total market capitalization. Tesla’s CEO, as well as Twitter’s new owner, reiterated his stance that Bitcoin will make it. Bitcoin will make it, but it might be a long winter. That’s what Elon Musk had to say about...Read More
Elon Musk recently said that he had a conversation with Sam Bankman-Fried before the Twitter deal. He also shared some predictions going forward. The world’s richest man recently joined a discussion on Twitter with over 60,000 listeners to talk about the FTX hack and bankruptcy. Musk revealed that he had a conversation with the exchange’s...Read More
It has been a week since Elon Musk took ownership of Twitter, and he has wasted no time shaking up the struggling social media firm. The subsequent cataclysmic layoffs have left many baffled. Ethereum co-founder Vitalik Buterin, for one, believes the Tesla chief can make Twitter “really great” or “really terrible.” The latter scenario would...Read More
Elon Musk is officially in charge of Twitter, and he has already made several big-time changes, including a monthly subscription. The rumors on whether the billionaire will implement Dogecoin payments started emerging immediately, and he only strengthened them. It’s been less than a week since Musk’s acquisition of Twitter was completed after several months of...Read More
The world’s largest cryptocurrency exchange – Binance – was one of Elon Musk’s financial backers in his multi-billion acquisition of Twitter, contributing $500 million. CEO Changpeng Zhao (CZ) believes the social media platform will eliminate many problems, including spam comments and scam accounts, with Musk at the helm. Twitter Should Benefit Under the New Regime...Read More
After less than a week as “Chief Twit,” Elon Musk is pushing for the social platform’s first major change – starting with its verification service. The CEO is reportedly forcing his employees to put a paywall behind Twitter’s coveted blue checkmark. If they don’t comply, they will be fired from the company. Musk’s plan is...Read More
After allocating $500 million to support Elon Musk’s Twitter buyout, the world’s largest crypto exchange said it wants to establish a dedicated unit to help the social media platform’s upcoming challenges. The statement from the company, as reported by Bloomberg, informed that one of the key areas where Binance wants to help the most is...Read More
Having officially bought Twitter, Elon Musk will immediately appoint himself as Chief Executive Officer of the now-private social media giant. Besides clearing out its top executives, the new leader reportedly plans to do away with permanently banned accounts across the platform. No More Permabans As reported by Bloomberg on Friday, Musk plans to replace Parag...Read More
Elon Musk has officially become the owner of the social media giant Twitter. Freeing the bird, as he put it shortly after, the Tesla boss also detailed his intentions yesterday. “The bird is freed,” tweeted Musk in a clear reference to Twitter’s logo after he assumed ownership of the company. According to a Reuters report,...Read More
Numerous scam tokens have launched under the symbol “TWIT” following Elon Musk’s latest Twitter bio change related to his acquisition of the company. With just a day to go before the billionaire acquires Twitter, Elon Musk has changed his bio on the platform to read “Chief Twit.” In the aftermath, multiple tokens named either “TWIT”...Read More
Elon Musk is in the process of acquiring the social media giant Twitter. On October 26th, the Tesla boss walked into Twitter’s headquarters carrying a literal sink and saying, “let that sink in!.” Later on, he shared a tweet for his reasoning behind the effort, stating that he has already acquired it. Musk’s persona is...Read More
The global recession will probably last until the spring of 2024, guessed Tesla CEO Elon Musk over Twitter on Friday. The billionaire cast his prediction in response to Dogecoin creator Billy Markus, who made a tweet joking about an “impending global recession,” and “nuclear apocalypse.” Musk replied that it would be nice to have one...Read More
The billionaire Tesla and SpaceX boss Elon Musk is being investigated by Federal authorities regarding his conduct around his $44 billion deal to buy Twitter. That’s according to a recent filing from Twitter, which seeks to unearth critical documents that Musk is supposedly withholding from the firm. Musk’s Documents As reported by Reuters, it is...Read More
In yet another reversal, Tesla and SpaceX CEO Elon Musk has again agreed to buy Twitter for $54.20 per share – as was initially planned. Twitter shares climbed 18% in value after the news dropped, following a brief pause in trading. As reported by Bloomberg, people familiar with the matter claimed that Musk renewed his...Read More
Elon Musk and Jack Dorsey shared direct messages about creating a more decentralized version of Twitter shortly before Dorsey exited its board of directors earlier this year. Those messages have now been publicly shared as part of a legal discovery process in Elon Musk’s battle to refrain from buying the social media platform. Here’s what...Read More
Although Elon Musk seeks to scrap the deal to purchase Twitter and make it a private company, the social media giant’s shareholders voted to approve the buyout offer for $44 billion. The two sides are set to meet in a Delaware court next month to determine the firm’s faith. Citing a brief conference call among...Read More
Tesla CEO Elon Musk has reportedly disposed of nearly $7 billion worth of the company’s stock in recent days as his chaotic Twitter buyout bid still hangs in limbo. Musk, who happens to be Tesla’s largest shareholder, currently has only a 15% stake in the company. According to WSJ, disclosures show that the exec sold...Read More
In a recent Twitter thread, Arcane Research analyst Vetle Lunde revealed how many Bitcoin institutional investors had sold since Terra’s carnage kicked in, thus tanking the whole crypto market. In his estimate, Tesla sold 29,060 BTC at an average price of $32,209 in May. Forced Selling In Lunde’s view, massive institutional blow-ups in the past...Read More
Binance CEO CZ Zhao does not think anyone selling or buying Bitcoin can fundamentally impact the asset – even including Tesla CEO Elon Musk. To demonstrate his faith in the primary cryptocurrency, CZ said he is still holding most of the coins he bought when he just entered the industry. On Tesla’s Bitcoin Dump Commenting...Read More
Twitter announced its Q2 2022 financial results on Friday, revealing lower-than-expected numbers for revenue, earnings, and user growth. When naming reasons for the slowdown, the company placed partial blame on Tesla CEO Elon Musk for casting uncertainty on their acquisition deal. Twitter’s Q2 Figures According to Twitter’s press release, the company’s revenue decreased by 1%...Read More
The electric vehicle giant Tesla sold $936 million of its bitcoin holdings in Q2 this year. However, the move was prompted not because the company does not believe in the asset anymore, but because of the record production costs in China due to the last COVID-19 lockdown, CEO Elon Musk explained. Earlier this week, the...Read More
According to Tesla’s Q2 2022 earnings report released on Tuesday, the car manufacturer has sold almost all of its Bitcoin into fiat currency. The selloff netted the company an additional $936 million in cash for its balance sheet. As reads the report, Tesla “converted approximately 75% of [its] Bitcoin purchases into fiat currency,” as of...Read More
Social media giant Twitter has filed a lawsuit against Tesla and SpaceX CEO Elon Musk, seeking to force the billionaire to close the acquisition deal as agreed by both parties. According to court documents, the complaint filed in the Delaware Court of the Chancery on Tuesday (July 12, 2022) alleges that Musk violated the terms...Read More
