Twitter Founder Jack Dorsey Posts Radiohead Song to Express Feelings About Elon Musk
Twitter co-founder Jack Dorsey has a lot of feelings about Elon Musk buying his company, and like many 45-year-old men with questionable beard games, he chose to express himself in the form of a Radiohead song. And while close readers might attempt to find evidence of satire in the choice, Dorsey seemed to show his support for Musk when he tweeted out the Kid A track, “Everything in Its Right Place.” Before Musk’s purchase, Dorsey owned a little more than 2% of Twitter, and while he maintained a seat on the board, he was expected to leave that post next month. As he explained in a Twitter thread, he sees Musk as the right man to continue his work. “I love Twitter. Twitter is the closest thing we have to a global consciousness,” he wrote in explanation of his Radiohead post. ...
Elon Musk Buys Twitter, Black Twitter Keeps Eye On The Jig, MAGA Twitter Elated
HipHopWired Featured Video CLOSE Source: SOPA Images / Getty As expected, Elon Musk just purchased Twitter. The founder of SpaceX and CEO of Tesla reportedly purchased the social media app for a cool $44 billion, but not everyone is celebrating. According to the New York Times, Musk and the Twitter board secured the deal after much wrangling. Twitter agreed to sell itself to Mr. Musk for $54.20 a share, a 38 percent premium over the company’s share price this month before he revealed he was the firm’s single largest shareholder. It would be the largest deal to take a company private — something Mr. Musk has said he will do with Twitter — in at least two decades, according to data compiled by Dealogic. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town s...
Donald Trump Says He Won’t Use Twitter Even if Elon Musk Unbans His Account
In what may be Donald Trump’s most popular action since appearing in Home Alone 2, the former President has pledged that he will not use Twitter, not even if the platform’s new owner Elon Musk unbans his account. As Trump explained to Fox News, the decision does not represent either changing interests or a newfound ability to shut the fuck up. No, after Trump’s permanent ban following the failed January 6th insurrection, the longtime Twitter addict did something rather committal while in the throws of his withdrawal, spending a small fortune on building his own social media platform. This new hangout changed almost nothing about Twitter’s design, except for using the Orwellian name TRUTH Social and instituting new rules preventing users from making fun of Trump. TRUTH Social laun...
Elon Musk buys Twitter for $44B — crypto industry reacts
In the hours and days before Tesla CEO Elon Musk’s purchase of social media giant Twitter, discussions on free speech were common among many online users both in and out of the crypto industry. Twitter announced on Monday that it will become a privately held company following its board of directors accepting a bid from Musk to purchase the firm’s stock for $54.20 per share in cash — roughly $44 billion. Though the transaction is expected to close in 2022, it is still subject to the approval of Twitter stockholders as well as certain regulators. In one of his last tweets prior to news of the purchase becoming public, Musk said, “I hope that even my worst critics remain on Twitter because that is what free speech means.” Twitter quoted the Tesla CEO saying “free speech is the bedrock of...
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...
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...
Nifty News: Grow-to-earn with Snoop — and is Dorsey’s tweet priceless or worthless?
The nonfungible token (NFT) of the first ever tweet made on Twitter by founder Jack Dorsey is currently struggling to attract a bid even 1% of its sale price last year. The iconic “genesis tweet” was sold for 1,630 Ether (ETH) valued at $2.9 million about a year ago on March 22, 2021. The highest current bid for this attempt to auction it is 10.3 ETH worth about $31,739 on NFT marketplace OpenSea. The nonfungible token (NFT) of the first ever tweet made on Twitter by founder Jack Dorsey is currently struggling to attract a bid even 1% of its auction price last year. The genesis tweet made on Twitter by founder Jack Dorsey. Its owner, Bridge Oracle founder Sina Estavi hoped the tweet would generate at least $50 million dollars, half of which he said he would donate to charity after closing ...
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...
