The world-famous billionaire and Tesla CEO Elon Musk’s bid to completely buy Twitter is still being talked about. After Musk’s $43 billion bid for Twitter, a significant increase in the price of Dogecoin was observed. Here are the details of the news…
Musk’s offer to buy Twitter was not well received
Famous entrepreneur Elon Musk’s offer to completely buy Twitter, the popular social media site’s biggest offer It was rejected by one of its shareholders, Saudi Prince Al-Walid bin Talal. It is also reported that the Twitter management did not welcome this offer of Musk, one of the biggest supporters of Dogecoin (DOGE). According to an anonymous source, Twitter’s board of directors will fight to prevent the acquisition.
Dogecoin advocate Musk also expresses his doubts that the proposal will be accepted. Speaking at a TEDx event in Vancouver, Musk said he wasn’t sure he could get Twitter. However, Musk did not make a more detailed statement on the subject while adding that he had a Plan B if his offer was rejected.
Dogecoin price increased after Dogefather’s statements
Elon Musk, the CEO of electric car manufacturer Tesla, said that the reason he wanted to buy Twitter was not to make more money, but was concerned about freedom of expression. He adds that he wants to buy in order to create a more inclusive space. As Cryptokoin.com previously reported, Musk became the largest shareholder of Twitter as a result of his share purchases. Although he was offered to join the board of directors after this development, he turned it down.
Describing himself as the Dogefather, Musk’s criticisms of Twitter recently draw attention. According to the famous billionaire, Twitter blocks freedom of expression. Musk also argues that some changes can be made, such as being able to edit tweets later. On the other hand, Dogecoin recorded a significant price increase with Musk’s offer to buy Twitter. The popular memecoin DOGE is trading at $0.1403, up 0.38 percent in the last 24 hours at the time of writing.
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