In response to a recent tweet by Dogecoin creator Billy Markus, Tesla CEO Elon Musk stated that the meme coin Dogecoin (DOGE) will definitely bring more benefits if more businesses start accepting it. Meanwhile, it is rumored that Musk may buy Twitter this week. Here are the details…
Elon Musk continues to advocate the use of DOGE
The richest person in the world stated that it would be “nice” to use Dogecoin to tip creators. However, Musk argues that there is no need to build a bridge between Ethereum and Bitcoin, despite the potential use cases in the web3 industry. As we reported on Kriptokoin.com, the entrepreneur recently proposed allowing Twitter users to pay for Twitter Blue subscriptions with Dogecoin after purchasing a 9.2 percent stake in the company.
Musk is currently trying to take over Twitter with a massive $43 billion bid he offered earlier this month. However, the cryptic “go ahead” tweet has sparked speculation as to whether the controversial entrepreneur has decided to back out from his audacious plan.
Will Elon Musk buy Twitter?
Billionaire Elon Musk may be on track to sign a deal with social media giant Twitter earlier this week, according to a report by The Wall Street Journal on Monday. Initial media reports said Twitter’s board accepted the offer. The company also adopted the so-called “poison pill” by diluting the value of the stock to avoid takeover. The “poison pill” was a measure put forward by the Twitter board.
However, the company has reportedly decided to give the deal another chance due to pressure from shareholders. Twitter is allegedly expected to approve the acquisition before announcing its first-quarter earnings on Thursday. Some of the company’s shareholders rallied behind Musk after meeting with the billionaire on Friday. However, it is reported that the big deal may still not happen. According to the report, some differences need to be fixed before the purchase is finalized.
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