DOGE lover Elon Musk offers financial advice on stock trading just days after reaching an agreement to buy Twitter.
Elon Musk, the richest man in the world, gives investment advice
Recently, Tesla and SpeaceX CEO Elon Musk shared some investment advice on when to buy and sell stocks. According to Musk, he is asked a lot of questions about how he will increase his wealth. The tech billionaire with a net worth of more than $260 billion advises people to buy stock in companies that produce products and services they believe in:
Only sell if you think their products and services are getting worse. Don’t panic when the market drops. This will work for you in the long run.
He says they should sell their shares when they think about it. “This method will serve you well in the long run,” he tells his nearly 90 million followers, with whom he also shares his investment tips. According to the 2022 Forbes real-time billionaires list, Musk is the richest person in the world with a net worth of $268.2 billion. The owner of Tesla and SpaceX recently took over microblogging platform Twitter in a $44 billion deal.
Morgan Stanley commits to provide $13 billion in financing
As part of the settlement, Morgan Stanley and other financial institutions will provide Musk with a $12.5 billion margin loan against its stake in Tesla and other companies. committed to provide $13 billion in financing. Musk is expected to raise around $21 billion in equity financing on his own. The most recent Tesla stock sales that Musk submitted to the US Securities and Exchange Commission (SEC) are worth about $4 billion.
Meanwhile, Twitter posted an operating loss of $128 million on first-quarter revenue of $1.2 billion and net income of $513 million in the last quarter before Musk took over last week. reported. The company says it had 229 million average earnable daily active uses (mDAU) in the March quarter, up 15.9% year-on-year.
Dogecoin (DOGE) Can be used for Twitter payments
As we have mentioned in the news of Kriptokoin.com, Elon Musk may have plans to use Dogecoin to get rid of bot accounts, one of Twitter’s biggest troubles. .
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