Musk is still not officially concluding the purchase of Twitter but several signs show that the operation is finally in progress.
Elon Musk said Thursday on Twitter that it is buying the social network because it is “important for the future of civilization to have a public square in the line where a variety of opinions can be discussed in a healthy way, without resorting to violence. ”
“That said, Twitter obviously can't be a hellish place open to all, where they can say everything without consequences” I have also pointed out the mogul in a message sent to the advertisers a day before the deadline for the purchase operation, determined by the justice.
Musk is still not officially concludedthe purchase of Twitter but several signs show that the operation is finally in progress.
All this has led to dogecoin (DOGE) to increase sti value by 28% in the last three days, and has had a revival, which has also been seen in the cryptocurrency market recently.
And it is rumored that the mogul to buy the company, it might begin to use the cryptocurrency in the social network.
nothing more wednesday,the dogecoin hiked sti price by more than 15%, from US$0.0591 to US$0.0763 per unit and this Thursday, its value is increased by about 6%.
This cryptocurrency was born for fun and was inspired by a meme, which became popular in 2013 and has a dog breed Shiba Inu.
The criptomoneda was created in December 2013 by Billy Markus, when the popularity of Bitcoin collapsed by being involved in transaction of black markets on the Dark Web.
The purchase process of Twitter
The founder of Tesla and SpaceX has contributed to the company's headquarters on Wednesday, and in your Twitter profile, a network that is a regular user, it is now as the “Chief Twit”, is an irony since “twit” means “fool” in English.
According to The Wall Street Journal, the banks that financed the operation began to release the money.
In addition, the New York Stock Exchange, the stock exchange where Twitter traded, indicated thatthe action of the platform would be suspended from the transactions on the Friday before the opening of the session.
Musk assures advertisers that he does not seek to “make money” with this purchase, but “trying to help humanity.”
“In addition to complying with the laws, our platform should be welcoming to all,” he said.
In business terms, Musk argues that it is essential for the company to display advertisements that correspond to the “needs” of internet users.
It is worth remembering that Twitter and Musk signed a contract at the end of April that the millionaire was made of the network of the blue bird. But then, Musk unilaterally want to abandon the agreement in July.
Musk bombarded Twitter with criticism before and after the signing of the agreement, accusing her in particular to censor users and do not fight enough against spam and fake accounts.
The billionaire founder of Tesla justified his back on the purchase agreement, stating that the proportion of accounts automated to the social network was vastly superior to the 5%, which the company stated.
The company launched a lawsuit to force him to honor his commitment , and it seemed that I had a chance of winning in court.
Then, as the trial date approached, Musk decided to go ahead with the purchase at the price agreed in April of $44 billion.
The April agreement was greeted with suspicion by sectors further to the left and joy by sectors to the right of the US political spectrum, due to the idea that Musk could relax the rules and moderate content.
"The easiest part for Musk was buying Twitter ," Wedbush analyst Dan Ives said in a note Thursday. For the world's richest man, the challenge will be "repairing this distressed asset," I have estimated.
The operation will go down in the records as "one of the most overpaid technology acquisitions in history, I concluded.
At the close of this Thursday, Twitter shares were at $53.70, close to the value established in the purchase agreement.
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