Elon Musk
Elon Musk’s First Grand Plan for Twitter? Charging $20 Per Month for a Blue Checkmark
It’s day three of Elon Musk’s reign over Twitter, and beyond seeing an influx of racists tweeting, one big development is Musk’s plan for verification. According to The Verge, Twitter will soon start charging users as much as $19.99 per month for that little blue check mark. Under the proposed plan, Twitter will make verification one of the core features of its premium subscription service, Twitter Blue. Current Twitter Blue subscribers pay $4.99 per month for features like an edit button, a custom reader mode, bookmarks, and more. Musk will reportedly triple the price with the added carrot of giving unverified users the opportunity of adding a blue checkmark next to their handles. Advertisement Related Video Existing verified users would have 90 days to subscribe to Twitter Blue or lose t...
Use of N-Word Jumps 500% After Elon Musk Buys Twitter
Self-proclaimed “free speech absolutist” Elon Musk officially bought Twitter on October 27th, and in the hours following the deal, a slew of bigoted troll accounts appeared to test the limits of his moderation policies. According to The Washington Post, in the 12 hours after Musk acquired Twitter, use of the N-word surged 500%. “Elon now controls twitter. Unleash the racial slurs. K—S AND N—–S,” one account said, using slurs for Jewish and Black people. “I can freely express how much I hate n—–s … now, thank you elon,” another said. One account, created this month, used a swastika as its profile picture and tweeted antisemitic memes alongside retweeting posts from Musk. Much of this hate speech was organized on platforms like 4chan, said the Network Contagion Research Institute, which anal...
BNB jumps to new BTC all-time high as Elon Musk’s Twitter fuels DOGE bulls
BNB (formerly known as Binance Coin) has hit new all-time highs against Bitcoin (BTC) as excitement grows over the cryptocurrency’s future role on Twitter. BNB/BTC 1-month candle chart (Binance). Source: TradingView BNB sets new record against BTC Data from Cointelegraph Markets Pro and TradingView confirms that BNB/BTC briefly spiked above 0.15 BTC to a record 0.15267 BTC on Oct. 30. BNB, the in-house token of Binance, the largest crypto exchange by volume, has gained around 10% in the past 72 hours. The strong performance came on the back of reports that Binance was preparing to assist Twitter in eradicating bots as part of its new direction under Elon Musk. Binance had contributed $500 million to Musk’s takeover of the social media platform. “Our intern says we wired the $500 ...
Dogecoin price rallies 150% in 4 days, but DOGE now most ‘overbought’ since April 2021
The Dogecoin (DOGE) price rally extended further on Oct. 29 in hopes that the cryptocurrency would get a major boost from Elon Musk’s Twitter acquisition. Elon Musk boosts Dogecoin price again Dogecoin price jumped by nearly 75% to reach $0.146 on Oct. 29, the biggest daily gain since April 2021. DOGE/USD daily price chart. Source: TradingView Notably, the meme-coin’s massive intraday rally came as a part of a broader uptrend that started earlier this week on Oct. 25. In total, DOGE’s price gained 150% during the Oct. 25-29 price rally. The surge was also accompanied by a decent increase in its daily trading volumes. That coincided with a spike in the number of DOGE transactions exceeding $100,000, according to Santiment. Both indicators sugges a growing demand for Dogeco...
Binance may form a team to support Twitter’s blockchain efforts
According to reports on Oct. 28, crypto exchange Binance intends to create a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk. The development came hours after Binance’s founder and CEO, Changpeng “CZ” Zhao, confirmed that the company had backed Musk with $500 million in financing, making the crypto exchange the fourth-biggest contributor to the takeover amid 19 investors that provided $7 billion to Tesla’s founder. On Twitter, CZ confirmed that the money was wired earlier this week and clarified that the transaction was performed through traditional banking services using fiat currency, not via cryptocurrencies or blockchain protocols. In May 2022, the crypto exchange had in...
Phony Stark aka Elon Musk Closes On Twitter Deal, Lays Off Execs
HipHopWired Featured Video Source: Anadolu Agency / Getty Elon Musk has officially closed the deal to acquire Twitter, and one of his first immediate actions was to fire three lead executives at the company. According to reports, the billionaire had to finalize the deal by Friday (Oct. 28) per the terms of the agreement he made to purchase the social media platform. He announced the closure on Twitter with a simple message: “the bird is freed.” He wasted no time in making changes, as Twitter CEO Parag Agrawal, CFO Ned Segal, and Head of Legal Policy, Trust, and Safety Vijaya Gadde were immediately fired. Reports stated that they left the San Francisco offices soon after the decision. The move was expected, as Musk had been highly critical of higher management in the months leading up to th...
Elon Musk Officially Closes Twitter Deal, Fires Top Executives
After much deliberation and legal back-and-forth, Elon Musk has officially finalized his purchase of Twitter. He closed the $44 billion deal late on Thursday, October 27th. Per The Washington Post, one of Musk’s first moves was firing top Twitter executives including CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety. The company’s general counsel, Sean Edgett, was also let go. “The reason I acquired Twitter is because 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,” Musk wrote on Twitter prior to formalizing the deal. “I didn’t do it to make money. I did it to help humanity, whom I love.” Advertise...
Phony Stark aka Elon Musk May Layoff 75% Of Twitter Workers
HipHopWired Featured Video Source: Anadolu Agency / Getty A new report concerning billionaire Elon Musk and his impending acquisition of Twitter says that he may let go of up to 75% of the company’s workforce. According to one report, the Tesla founder has stated to prospective investors in the social media platform that he’s planning to get rid of up of 75% of the workforce once his deal to acquire Twitter is closed. The news, delivered Thursday (Oct. 20), sent shockwaves throughout the tech industry. It was confirmed that the company had already planned layoffs among its 7,500-employee workforce in addition to shuttering key data centers. A lawyer for Elon Musk declined to comment when contacted by the press, but the billionaire reportedly told people on an earnings call for Tesla that h...
Global recession may last until near 2024 Bitcoin halving — Elon Musk
Bitcoin (BTC) may spend the time until its next block subsidy halving battling recession, Elon Musk suggested. In a tweet on Oct. 21, the Tesla CEO revealed his belief that the world would only exit recession in Spring 2024. Musk: Recession will “probably” stay until Q2, 2024 After the United States entered a technical recession with its Q3 GDP data, debate continues over how much worse the scenario could get. For Musk, while long predicting the United States economy would enter a recession, the likelihood of a global downturn lingering is now real. Asked on Twitter how long he considered a recession to last, the world’s richest man was noncommittal, but erred on the side of years rather than months. “Just guessing, but probably until spring of ‘24,” he wrote, having also said that “it sur...
HODL! Tesla hangs onto all its remaining $218M in Bitcoin in Q3
Electric vehicle manufacturer Tesla has made no further changes to its remaining stash of Bitcoin (BTC) in the third quarter of 2022, despite nearly a $1 billion sell-off in the previous quarter. The company’s Q3 report released Oct. 19 shows $218 million worth of “digital assets” remains on its balance sheet, with no reported losses in the value of its holdings. Based on current prices, it’s estimated that Tesla still holds around 9,720 BTC. In Q2 earnings report, Tesla said it sold 75% of its Bitcoin during the quarter, adding $936 million in cash to its books and recording a $64 million profit from the sale. Tesla CEO Elon Musk explained at the time that the sell-off was due to liquidity concerns from the COVID-19 lockdowns in China. The sell-off during the quarter took a large chunk of...
Elon Musk Thinks Grimes Might Be a Simulation That “Exists in His Cerebral Cortex”
Elon Musk thought his ex-partner Grimes might be a simulation that “exists in his cerebral cortex.” She revealed the theory to journalist Devin Gordon, who shared it on the new BBC docuseries, The Elon Musk Show. “She [Grimes] told me repeatedly that Musk has this theory of her that she’s not real,” Gordon told the BBC (via Cosmopolitan). “That she’s a simulation who was created by him and exists in his cerebral cortex as sort of the perfect companion to him. Which sounds a little crazy and maybe even a little creepy, except, she agrees with it. She said she does feel like this simulation which was perfectly created for him.” He added, “Her interests are all the same as his and her music is very technologically oriented,” explaining that they “both made a similar nerdy joke about a sc...
How Crypto Twitter could change under Musk’s leadership
Barring another change of heart and certain conditions to be met, Elon Musk’s acquisition of Twitter looks set to go ahead, prompting the question of whether some or all of the changes he initially hinted for the platform will become a reality. The platform is a popular communication and news tool for crypto enthusiasts, users and investors, not to mention crypto scammers, with the social media platform seeing roughly 120,000 tweets per day about #Bitcoin alone, according to BitInfoCharts. Looking back at Musk’s initial commentary when he proposed a buyout of Twitter could shed some light on what changes he envisions for the platform. This includes a focus on free speech, eliminating spam bots, fake accounts, an edit function and possibly even crypto payments have all been considered...
