Elon Musk
Bitcoin hits $40K, investors pump Dogecoin (DOGE) after Musk confirms Twitter purchase
The cryptocurrency market fell under pressure in the early trading hours on April 25, but a brief spurt of bullish price action sparked after media headlines announced that Elon Musk had reached a deal to purchase Twitter for $44 billion. Data from Cointelegraph Markets Pro and TradingView shows that after dropping as low as $38,210 in the opening trading hours on Monday, Bitcoin (BTC) price staged a 5.72% rally to hit an intraday high at $40,366 as news of Twitter’s sale spread across news outlets. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what analysts and on-chain data have to say about Bitcoin’s short-term outlook. Declining exchange reserves point to strong accumulation The recent bearish sentiment that has dominated the crypto market was addressed b...
Elon Musk to Buy Twitter: Questlove, Ice T, Scooter Braun & More React
Elon Musk reached an agreement to acquire Twitter for approximately $44 billion, the social media company announced on Monday (April 25). The Tesla CEO, who is also the world’s wealthiest person, has previously noted that he wants to buy Twitter because he thought that it’s not a platform for “free speech.” He says it needs to be transformed as a private company in order to build trust with users and do better at serving what he calls the “societal imperative” of free speech. Over the past few weeks, Musk has shared a number of proposed changes that he hopes to implement in the company, from relaxing content restrictions — such as the rules that suspended former President Donald Trump’s account — to removing fake and automated accounts from Twitter. “Free speech is the bedrock of a fu...
Elon Musk to Buy Twitter: Questlove, Ice T, Scooter Braun & More React
Elon Musk reached an agreement to acquire Twitter for approximately $44 billion, the social media company announced on Monday (April 25). The Tesla CEO, who is also the world’s wealthiest person, has previously noted that he wants to buy Twitter because he thought that it’s not a platform for “free speech.” He says it needs to be transformed as a private company in order to build trust with users and do better at serving what he calls the “societal imperative” of free speech. Over the past few weeks, Musk has shared a number of proposed changes that he hopes to implement in the company, from relaxing content restrictions — such as the rules that suspended former President Donald Trump’s account — to removing fake and automated accounts from Twitter. “Free speech is the bedrock of a fu...
Bored Billionaire Elon Musk On Verge of Buying Twitter, Users Say RIP To Social Media Platform
HipHopWired Featured Video CLOSE Source: NurPhoto / Getty It looks like bootleg Tony Stark, aka Elon Musk, will indeed purchase Twitter, and depending on who you ask, this development is not being well received. Reuters reports Twitter is set to accept Musk’s “best and final” $41 billion to purchase the social media platform. The decision comes after the back and forth between the company and Musk as they actively tried to find potential buyers to keep Musk’s stench off the company. Welp, they couldn’t get anyone to drop a bag on Twitter at its current share price, and now they are seemingly caving in to the bored billionaire. Per Reuters: Twitter may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources ...
Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk Twitter takeover nears
Bitcoin (BTC) saw a classic “fakeout” move on April 25 as volatility kept traders firmly on edge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders stay gloomy on BTC outlook Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly climbing almost $1,000 as Monday’s Wall Street trading session began. The move was short-lived, the pair coming back down to where it started within an hour after hitting local highs of $39,517 on Bitstamp. Monday had begun with a whimper for Bitcoin bulls, who lost ground on the weekly close and failed to avoid $40,000 flipping to resistance on daily timeframes. For popular trader Crypto Ed, $30,000 was still on the table as a potential short-term target. “To me, it seems any bounce we...
Elon Musk Finalizing Deal to Purchase Twitter
Elon Musk is on course to finalize his purchase of Twitter after the two sides spent the weekend negotiating the terms of the sale. According to the New York Times, an agreement could be announced as soon as Monday. Musk launched a hostile takeover of Twitter earlier this month, offering to purchase the social media company for $43 billion. While Twitter’s board initially sought to stave off Musk’s efforts by deploying a poison pill shareholder rights plan, the board began to take his offer seriously after he sured up financing for the deal, the Times reports. The two sides are now reportedly discussing details including a timeline to close a potential deal and fees that would be paid if a deal fell through at the 11th hour. “I invested in Twitter as I believe in its potential to be the pl...
Memecoins eye major revamps in an effort to return to their former glory
Memecoins briefly took the cryptocurrency market by storm in 2021 after steady attention and shilling from big-name influencers like Elon Musk and Mark Cuban helped propel coins like Dogecoin (DOGE) to 100x gains. As one should expect, in the crypto market, rapidly rising prices have a tendency to reverse course just as fast and many of the formerly high-flying meme tokens now find themselves struggling for survival as the market matures and investors look for real-world use cases. Let’s take a look at some of the most popular memecoins of 2021 to see whether they were just a flash in the pan or if there are fundamental developments that may prove fruitful in the long-term. Dogecoin DOGE is the original memecoin and it helped kick off the rally of ‘21 after its price skyrockete...
DOGE price analysis hints at 30% drop despite Elon Musk’s Twitter bid
The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk’s bid to buy Twitter appears to be fizzling out as DOGE closes the week over 8%. DOGE’s price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, raised its potential to trigger a classic bearish reversal pattern with an 85% success rate of reaching its downside target. DOGE price eyes drop under $0.10 Dubbed head and shoulders (H&S), the pattern appears when the price forms three peaks in a row, with the middle one, called the “head,” in between the other two, which are of almost equal height, and are thus called the left and right “shoulders.” These three peaks hold above a common support ...
Facing a Hostile Takeover from Elon Musk, Twitter Adopts “Poison Pill” Defense
Twitter is hoping to fight back against a hostile takeover from Elon Musk with a corporate maneuver called a “poison pill” shareholder rights plan, which according to the New York Times has rarely been attempted by a tech company of this size. Developed in the 1980s as a tactic to hold off corporate raiders, a poison pill involves flooding the market with new shares. In this scenario, current shareholders devalue their own stake in the company in an effort to make acquiring a majority share both difficult and unprofitable. Such a strategy forces shareholders to buy more stock just to maintain their current position, but hey, they don’t call it a poison pill for nothing. Most publicly traded entities are theoretically susceptible to a hostile takeover — that is, an attempt to acquire a...
Bootleg Tony Stark, AKA Elon Musk, Puts In Bid To Buy Twitter, MAGA Land Excited Again
HipHopWired Featured Video CLOSE Source: SUZANNE CORDEIRO / Getty Elon Musk is again rattling the Twitter cages after his latest “stunt.” Bootleg Tony Stark, aka Elon Musk, made his “best and final” offer to purchase 100% of Twitter, telling its Chairman of the Board that it “needs to be transformed as a private company.” In the 13D filed Thursday (Apr.14) with the SEC, Musk is offering $54.20 per share in cash. Per Bloomberg, Musk is worth about a ridiculous $260 billion, Twitter’s market value currently sits at $37 billion, and Musk’s offer is about $43 billion per CNBC. The electric car maker wants to “acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share.” “I invested in Twitte...
Elon Musk endeavors to buy Twitter but will reconsider position if rejected
In a letter sent to the chairman of Twitter’s board Bret Taylor on Thursday, entrepreneur Elon Musk, best known for founding and heading Tesla and SpaceX, has offered to purchase the entire Twitter company for $54.20 a share, stating that the social media platform has “extraordinary potential” that he will “unlock.” Published by the U.S. Securities and Exchange Commission in a 13D filing, Musk stated that “Since making my investment, I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.” Following this, Musk categorically states that this offer is his “best and final”, and if not accepted, he “would need to reconsider his [my] position as a shareholder.” I made an offer https://t.co/VvreuP...
Elon Musk Will NOT Be Joining Twitter Board, MAGA Land Drops New Conspiracy Theory
HipHopWired Featured Video CLOSE Source: NurPhoto / Getty MAGA Twitter’s hope of Elon Musk being Donald Trump’s savior has been put on ice. In a stunning and swift reversal, Twitter’s largest shareholder Elon Musk aka Bootleg Tony Stark, will not be joining Twitter’s board of directors, CEO Parag Agrawal announced in a tweet Sunday evening (Apr.10). “Elon has joined not to join our board,” Agrawal wrote in a memo he had sent to the company staff. Musk’s joining the board was “contingent on a background check and formal acceptance.” “Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board,” Agrawal continued. “I believe this is for the best.” The decision has spawned tons of reactions from those ag...
