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Elon Musk Visits Twitter HQ, Dogecoin Pumps

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important point

  • Elon Musk walked into Twitter headquarters today in the final stages of a planned acquisition of the company.
  • Musk will reportedly complete the acquisition of the social media company by Friday, October 28 at 5pm ET.
  • Musk’s cryptocurrency plans for Twitter are uncertain, but Dogecoin is up 15% in 24 hours.

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Elon Musk took to Twitter on Wednesday as his proposed acquisition of the social media company neared completion.

Musk visits Twitter

Elon Musk visits Twitter headquarters.

Musk entered headquarters with sink supplies and later tweeted, “Entering Twitter headquarters – let it sink.” He also changed his Twitter bio to “Chief Twit.”

In an internal memo, Leslie Berland, Twitter’s chief marketing and human resources officer, reportedly said Musk said: [San Francisco] At the office this week, I met people, walked the halls, and watched employees at work.

She also said she will speak to a Twitter employee this week.

Musk’s acquisition of Twitter is expected to close soon. yesterdayhe informed his backers that he would complete the Twitter deal by Friday, Oct. 28. According to recent reports, the deal will be completed by 5 p.m. that day.

The completion of the Twitter acquisition comes after months of anticipation. Musk’s initial offer to acquire Twitter was revealed in an April 14th filing.

Throughout May and June, Twitter failed to provide enough information about spam and fake accounts, and Musk officially canceled the deal on July 8.

In late July, Twitter secured a lawsuit against Musk in an attempt to force him to continue trading. The trial began this month, October 4Musk has decided to proceed with the Twitter acquisition regardless of the final outcome of the case.

Musk’s early cryptocurrency plans dogecoin Integrations and microtransactions to prevent spam — implemented in Twitter.

Nevertheless, the news is hyped within the cryptocurrency community as DOGE is up 15% in the last 24 hours. With several other major events happening around cryptocurrencies, these gains are almost certainly from Twitter trading.

Dogecoin’s profits are higher than other benchmarks, with Bitcoin up just 3.0% and the overall cryptocurrency market up 3.3%.

Disclosure: At the time of writing, the author of this work owned BTC, ETH, and other digital assets.

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