Wednesday, October 5, 2022

Crypto Hodlers and Traders of Reddit, what are you thoughts on Elon planning to buy Twitter?

Disclaimer: I don't own any doge and this post is not intended to provoke the doge army if they are still lurking within the subreddit, this is simply a post open for discussion with the current events.

I saw in a Coindesk article that Elon Musk, the dogefather, has proposed proceeding with the agreement to buy Twitter for the originally agreed-upon price of $44 billion or $54.20 per share, which was also filed with the SEC. Upon hearing this you'd realize how this will definitely pump twitter and doge, and yes it did. Twitter shares surged by around 22% ($52.05 per share) and Dogecoin by 7% ($0.0645)

While I know that we all have mixed feelings about billionaires like Elon (example 1, example 2, example 3) and how he acts on social media platforms especially twitter and it's understandable knowing how one tweet from him would cause some kind of disarray in the cryptocurrency world.

What are your thoughts on the Dogefather buying Twitter?

Does he still have some kind of power to move the crypto-markets?

What do you think will happen to twitter afterwards?


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