Elon Musk’s Many Twitter Failures and the Need for Public Goods
Social media has tended towards monopolization.
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Social media has tended towards monopolization.
Elon Musk became Twitter's new owner on Thursday (Oct 27), firing top executives he had accused of misleading him and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform.
Elon Musk's favorite cryptocurrency settled down after rising on news that the Tesla CEO's purchase of Twitter was back on the table.
Following the news, both TWTR and DOGE saw price surges.
The Mayor has been a proponent of the crypto industry and has now pledged support for sustainable Bitcoin miners by asking Governor Hochul to veto a two-year moratorium on mining.
Lower volumes and strong resistance levels continue to pose downside risks for DOGE prices despite the rebound.
The company's board of directors unanimously approved the deal on Monday but added it was still "subject to the approval of Twitter stockholders."
Binance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company.