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Elon musk buys Twitter Dogecoin Auto shares up 27%

Navigasi - Elon Musk is Twitter's new daddy... Twitter shares also rose 5.6 percent on the same day. After several times trending on the topic of Twitter VS Elon Musk. Finally, Elon Musk is now in full control of the Twitter social media platform which was founded in 2006 after his purchase offer was approved.

Elon musk buys Twitter Dogecoin Auto shares up 27%
Elon musk buys Twitter Dogecoin Auto shares up 27%


Tesla and SpaceX boss Elon Musk officially bought 100% of social media company Twitter for $44 billion or around Rp. 637 trillion on Monday (25/4). Musk's act of buying shares made it a trending topic on Twitter.

Elon Musk's Long Road to Twitter, Here's the Story!


Previously, Twitter shares jumped more than 3% after reports the company was close to a deal with Elon Musk which could be announced as soon as Monday (25/4). Elon Musk earlier this month offered to buy Twitter for $54.20 per share, or about $43 billion.

Then, the social media company is thought to have rejected the deal and has adopted the so-called poison pill to fend off a potential hostile takeover. However, Twitter became more receptive to the offer after Musk revealed he had secured $46.5 billion in funding.

The board of directors met Sunday (24/4) to discuss Musk's financing plans for his proposed bid, sources familiar with the situation told CNBC. Until finally the agreement happened.

Elon Musk in the new era of Twitter is expected to make Twitter a private company, adding editing features and paying for subscription features with DOGE, this makes the price of Dogecoin start to rise.

DOGE Soars 27%, Elon Musk's Sentiment Splashes?


Thanks again to Elon Musk! DOGE skyrocketed more than 20% in trading Monday (25/4) evening United States (US) time. The price spike occurred shortly after Elon Musk bought Twitter for US$44 billion or around Rp. 637.1 trillion.

Citing CNBC, the crypto asset that originated from the meme has skyrocketed more than 27%. Musk's promise to conjure up Twitter with new features and make the open source algorithm even boost is one of the reasons DOGE's price shot up.

Meanwhile, as of writing, DOGE appears to be up 22.7% to $0.1569 on coinmarketcap.com on Tuesday (26/4) morning.