Key Takeaways
- Elon Musk’s entered Twitter headquarters immediately towards the top of his deliberate acquisition of the corporate.
- Musk reportedly will finalize his acquisition of the social media by 5 p.m. ET on Friday, October 28.
- Although Musk’s crypto plans for Twitter are unsure, Dogecoin has gained 15% over 24 hours.
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Elon Musk visited Twitter on Wednesday as his deliberate acquisition of the social media firm nears completion.
Musk Visits Twitter
Elon Musk is visiting Twitter headquarters.
Musk entered the headquarters carrying a sink fixture, later tweeting “Getting into Twitter HQ—let that sink in.” He additionally modified his Twitter bio to learn “Chief Twit.”
Leslie Berland, Twitter’s Chief Advertising and marketing Officer and Head of Individuals, reportedly acknowledged in an inner memo that Musk “is within the [San Francisco] workplace this week assembly with people, strolling the halls” and seeing workers’ work.
She additionally mentioned that he’ll deal with Twitter workers this week. “You’ll all hear straight from him on Friday,” she wrote.
Musk’s acquisition of Twitter is predicted to shut imminently. Yesterday, he knowledgeable his backers that he would shut the Twitter deal by Friday, October 28. Latest stories recommend that the deal will shut by 5 p.m. ET that day.
The closure of the Twitter acquisition comes after a number of months of anticipation. Musk’s first provide to purchase Twitter was revealed in a submitting on April 14. Twitter initially blocked the deal however accepted a $44 billion provide on April 25.
Between Could and June, Twitter failed to supply adequate details about spam and faux accounts, and Musk formally canceled the deal on July 8.
Later in July, Twitter secured a trial in opposition to Musk in an try to compel him to hold on with the deal. That trial started this month, and round October 4, Musk determined to proceed with the Twitter acquisition whatever the case’s eventual consequence.
It’s nonetheless unclear whether or not Musk’s earliest cryptocurrency plans—resembling Dogecoin integration and microtransactions to stop spam—will probably be applied on Twitter.
The information is nonetheless producing hype throughout the crypto group, as DOGE is up 15% over the previous 24 hours. With few different main occasions occurring across the cryptocurrency, these good points are nearly definitely because of the Twitter deal.
Dogecoin’s good points are larger than different benchmarks: Bitcoin is up simply 3.0%, and your complete crypto market is up 3.3%.
Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and different digital belongings.
