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...
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...
Elon Musk Backtracks on Joining Twitter’s Board
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Twitter Is Testing an ‘Edit’ Button
Twitter tweeted Tuesday that it is indeed working on a way for users to edit their 280-character messages, although it says the project has nothing to do with the fact that edit-function fan Elon Musk was just revealed as the company’s largest shareholder and now sits on its board. Twitter said it will test the feature in its paid service, Twitter Blue, in the coming months. It said the test would help it “learn what works, what doesn’t, and what’s possible.” So it may be a while before most Twitter users get to use it, if they ever do. Twitter spokesperson Catherine Hill declined to say whether an edit feature might be rolled out for all users. Explore See latest videos, charts and news See latest videos, charts and news Many Twitter users — among them, Kim Kardashian, Ice-T, Katy Perry a...
Here’s What Twitter’s New “Edit” Feature Could Look Like
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Yes, Twitter Is Finally Adding An Edit Button, Well Aware of Possible “Misuse”
HipHopWired Featured Video Source: Thomas Trutschel / Getty Nothing steals a good tweet’s thunder more than an egregious typo, but don’t worry. This new feature will ensure that will become a thing of the past. Yes, Twitter finally answered users’ prayers and delivered the one thing they wanted more than a chronological feed, an “edit button.” In a tweet, the social media company announced that it is working on a feature that will allow users to edit tweets after they finally hit the send button. It will allow Twitter users to quickly correct a typo or error without sacrificing those well-earned replies, quote retweets, retweets, and likes. Those who bit the bullet and subscribed to Twitter Blue will be the first to test out the new feature the company announced. VP of consumer produc...
Twitter debates the role of renewable energy in Bitcoin mining
It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a “self-serving lie.” The comments section got heated when Nic Carter, Castle Island Ventures general partner and Coin Metrics co-founder, entered the chat and called out Gleick for allegedly not knowing anything about energy. Tell me you don’t know anything about energy without telling me — nic no credentials carter (@nic__carter) April 4, 2022 Carter proceeded to explain how energy markets work and defend cryptocurrency use in a thread o...
Twitter debates the role of renewable energy in Bitcoin mining
It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a “self-serving lie.” The comments section got heated when Nic Carter, Castle Island Ventures general partner and Coin Metrics co-founder, entered the chat and called out Gleick for allegedly not knowing anything about energy. Tell me you don’t know anything about energy without telling me — nic no credentials carter (@nic__carter) April 4, 2022 Carter proceeded to explain how energy markets work and defend cryptocurrency use in a thread o...
Twitter Appoints Elon Musk To Its Board of Directors, MAGA Land Thinks This Is A Blessing
HipHopWired Featured Video CLOSE Source: PATRICK PLEUL / Getty Electric car peddler Elon Musk is now fully invested in Twitter, literally, and social media has thoughts on the matter. If you don’t know, Musk flexed his money muscles and bought a 9.2% stake in Twitter, making him the biggest shareholder just a week after he hinted at a “shakeup” in social media. Following his move, the man who has a history of manipulating the stock market with his tweets, Twitter’s stock surged as much as 27%, Bloomberg reports, which many also believed was a dig at the SEC, who were not fans of Musk’s stock tweets. Following Musk dropping a reported $2.89 billion stake in the company, Twitter happily announced that he was joining its board of directors, with current CEO Parag Agrawal saying Musk would be ...
The Weeknd Says He Might ‘Pull a Ye’ & Change His Stage Name
The Weeknd wants to switch things up. On Sunday, the “Moth to a Flame” singer wondered via Twitter if he should change his stage name from The Weeknd in favor of being known by his first name, Abel. While chatting with fans leading up to the release of his “Out of Time” music video (out Tuesday), the singer tweeted, “you guys are hilarious. i feel like i should change my stage name to ABEL at this point lol.” He then followed his tweet up by saying that he’ll “maybe pull a YE and just legally change my name to ABEL. no last name. Like Madonna or Cher or Prince. I don’t know it seems like a lot.” Billboard has reached out to see if The Weeknd is seriously considering a name change. Explore Explore See latest videos, charts and news See latest videos, charts and news For what its worth, The ...
