Will Twitter invest in Bitcoin? Who will be CEO? Will 'authenticating all humans' cause problems for pseudonymous accounts on Crypto Twitter? 🧐 Here are six key questions after Elon Musk's shock deal to buy the social network 👇
Elon Musk is buying Twitter — but there are a number of hoops to jump through before any transaction is finalized.
News of the deal has helped DOGE surge by 28% in 24 hours — amid excitement that the memecoin could have a compelling use case in a site that's used by hundreds of millions of people. Musk caused a huge splash when he announced that Tesla had purchased $1.5 billion in Bitcoin — and would allow the company's electric vehicles to be bought using the cryptocurrency.
And one of them is Jack Dorsey, the social network's former CEO, who has since diverted his attention to Bitcoin. It'll be hard to find anyone who's against the idea of eradicating spam bots — especially in the crypto space. High-profile accounts are often bombarded with automated messages every time they tweet, directing unsuspecting users to dodgy links.
Doing so might be a bit of a stretch, not least because Musk is already CEO of Tesla and SpaceX. Also in the mix are his startups — The Boring Company and Neuralink.FTX CEO Sam Bankman-Fried is among those who has expressed support for what Elon Musk's doing — and has even offered to help.
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