Elon Musk
Phony Stark, AKA Elon Musk Finally Agrees To $44 Billion Twitter Purchase
HipHopWired Featured Video Source: NurPhoto / Getty Phony Stark, aka Elon Musk, wants to buy Twitter. No, for real this time. We think. Yahoo! Finance reports the Tesla chief finally agreed to purchase Twitter, and the social media company has also decided to honor Musk’s initial proposal. Per Yahoo! Finance: Twitter has agreed — once again — to Elon Musk’s proposal to buy the company for $54.20 a share. In a statement, Twitter confirmed it had received Musk’s letter that “the intention of the Company is to close the transaction at $54.20 per share.” Related Stories The agreement follows months of legal drama after Musk tried to back out of his original agreement to buy the company for $44 billion this spring. The two sides were set to go to trial later this month as Twitter...
Elon Musk Agrees to Buy Twitter (Again) at Original Price of $44 Billion: Report
Elon Musk has agreed to buy Twitter at his original proposed price of $54.20 per share, or about $44 billion total, Bloomberg reports and the New York Times confirms. Few details are known at this time. Musk is said to have expressed his renewed interest in a letter to the social media giant on the evening of October 3rd and met in court with Twitter representatives the morning of October 4th. Musk began trying to back out of the purchase agreement almost as soon as Twitter accepted it his original offer in April. He accused the platform of misleading or lying to investors about its number of daily active users, saying in May that the deal “cannot move forward” until Twitter proved that less than 5% of users are bots or spam accounts. Advertisement Related Video The Tes...
Dogecoin has crashed 75% against Bitcoin since Elon Musk’s SNL appearance
Dogecoin (DOGE) may be back in the top-ten cryptocurrency by market capitalization, but its loses in both USD and Bitcoin (BTC) terms since Elon Musk’s SNL appearance are considerable. Dogecoin loses Musk-effect The DOGE/BTC trading pair has fallen 75% after peaking out at 1,287 satoshis on May 9, 2021, a day after Musk was a guest host on Saturday Night Live, including a sketch titled “The Dogefather.” DOGE/BTC daily price chart. Source: TradingView Before his appearance, the billionaire entrepreneur was relentlessly tweeting Dogecoin memes, images, which helped DOGE — a cryptocurrency that started out as a joke — to attain a market capitalization north of $90 billion in May 2021. That’s more than 36,000% gains in just two years. But things have gone downhill ever since. ...
Elon Musk, Cathie Wood sound ‘deflation’ alarm — Is Bitcoin at risk of falling below $14K?
Bitcoin (BTC) has rebounded by 20% to almost $22,500 since Sept. 7. But bull trap risks abound in the long run as Elon Musk and Cathie Wood sound an alarm over a potential deflation crisis. Cathie Wood: “Deflation in the pipeline” The Tesla CEO tweeted over the weekend that a major Federal Reserve interest rate hike could increase the possibility of deflation. In other words, Musk suggests that the demand for goods and services will fall in the United States against rising unemployment. A major Fed rate hike risks deflation — Elon Musk (@elonmusk) September 9, 2022 Typically, rate hikes have been bad for Bitcoin this year. In context, the period of the Fed raising its benchmark rates from near zero in March 2022 to 2.25%–2.50% in August 2022 has coincided wi...
Elon Musk-crypto video played on S. Korean govt’s hacked YouTube channel
A YouTube channel owned by the government of South Korea was reportedly hacked and renamed SpaceX Invest, following which the channel uploaded fabricated videos of Elon Musk discussing cryptocurrencies. On Sept 3, the South Korean government’s YouTube channel was momentarily hacked and renamed for sharing live broadcasts of crypto-related videos. However, the account was soon restored within four hours following a proactive intervention, confirmed a local report from Yonhap News Agency (YNA). The above screenshot was provided to YNA by a locale that shows the compromised channel being renamed to SpaceX Invest and streaming videos depicting SpaceX CEO Elon Musk. The compromised ID and password of the YouTube channel were identified as the root cause of the hack. Google, too, reportedl...
Elon Musk’s “Don’t Doubt ur Vibe” Song Featured In New Tesla Ad: Watch
When it comes to CEOs who also soundtrack their company’s commercial advertisements, Elon Musk is one of one. In a new video posted to Tesla’s Instagram, the world’s preeminent electric vehicle maker featured “Don’t Doubt ur Vibe,” a house track produced in 2020 by Musk himself. The song soundtracks a synchronized “dance” of sorts between various forms of Tesla’s Model 3 and Model Y vehicles. The coordinated effort showcases the vehicles shuffling through various light patterns and fanning their trunk lids in succession as polychromatic lyrics illuminate the walls of the warehouse-style set. The advertisement doesn’t necessarily appear to be spotlighting any new feature releases in particular, though there is some speculatio...
Fake Manchester United token soars 3,000% after Elon Musk jokes about buying team
Manchester United Fan Token (MUFC) is a dead coin and not related to the sports franchise, but one Elon Musk tweet was enough to revive it on Aug. 17. Also, I’m buying Manchester United ur welcome — Elon Musk (@elonmusk) August 17, 2022 Fake Man U token pumps after Elon Musk’s tweet To clarify, MUFC is not an official Manchester United crypto token. It came to life in August 2021 after a team of programmers, who are said to be hardcore Manchester United fans, falsely claimed that holding MUFC would give buye influence on the football club’s decisions. The team later conducted an “airdrop” round of 10,000,000,000 MUFC in November 2021, promising to provide 10,000 MUFC to users who followed its official social media handles. The prospects of getting free MUFC tok...
Elon Musk jokingly claims he will buy Manchester United
Join our Telegram channel to stay up to date on breaking news coverage Tesla and SpaceX CEO Elon Musk has jokingly claimed on Twitter that he will buy Manchester United from the Glazer family. In the early hours of Wednesday morning in Manchester, United fans were not expecting to wake up to a tweet from Elon Musk which described his interest in buying the club who he supported as a boy. Also, I’m buying Manchester United ur welcome — Elon Musk (@elonmusk) August 17, 2022 The Glazers, who first took interest in Manchester United in 2003 when Malcolm Glazer became a shareholder, have come under hot water in recent years for the immoral methods used to acquire the club and their treatment of it since. Fans have been protesting ever since the takeover, including large spikes in 2010 and 2021 ...
Elon Musk: US ‘past peak inflation’ after Tesla sells 90% of Bitcoin
Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked. Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.” Musk on costs: “The trend is down” After recently selling almost all of its $1.5 billion BTC holdings, Tesla is seeing the emergence of exactly the kind of economic landscape in which risk assets thrive. During a Q&A session at the Annual Meeting, Musk revealed that six-month commodities pricing for Tesla parts is already getting cheaper, not more expensive. Commodities, he said, are trending down, providing a hint that inflation has already hit its highest levels. “We sort of have some insight ...
Errol Musk Says “No,” He’s Not Proud of Elon, Calls Skinnier Son His Favorite
Errol Musk continues to make his son Elon look better by comparison. In a new interview with The Kyle & Jackie Show, the elder Musk said, “No,” when asked if he’s proud of the Tesla founder, before going on to fat-sham Elon, recommended a weight-loss supplement that has been called “dangerous,” and then tell the world which of his children is actually his favorite. The 79-year-old patriarch explained that he wasn’t over-the-moon about his 51-year-old’s accomplishments because “we are a family that have been doing a lot of things for a long time. It’s not as if we suddenly started doing something.” He also joked (?) that Elon owed his smarts to “a chap who used to visit us when I wasn’t at home… he delivered milk,” and complained about how long different Elon projects are taki...
Crypto Biz: Elon Musk: The ultimate crypto tourist
Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn’t good for Bitcoin, and neither is a technologist who treats the asset as his plaything. As far as we are aware, Musk hasn’t sold any of his personal Bitcoin stash and Tesla still has an estimated 10,800 BTC on its books. Still, the less we have to hear about Musk and Bitcoin, the better. In this week’s Crypto Biz, we chronicle Tesla’s sale of BTC, KuCoin’s fight against fake news and Cathie Wood’s sale of Coinbase stock. Tesla reports $64M profit from Bitcoin sale Tesla’s decision to sell most of its Bitcoin wasn’t as boneheaded as it appeared at first. The company scored a $64 million...
Tesla reports $64M profit from Bitcoin sale
Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market. In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of its Bitcoin holdings, according to an official Form 10-Q filing with the United States Securities and Exchange Commission, or SEC. After selling 75% of its BTC stash for dollars in the second quarter, the company netted a realized gain of $64 million. In finance, an impairment loss occurs when the fair value of an asset held by a company falls below the carrying value of the investment. If you sell 75% of your bitcoin, you will only have 25% of your #bitcoin left. — Michael Saylor⚡&#x...
