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Elon Musk buys Twitter for $44B — crypto industry reacts

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Bitgarden@29:
In the hours and days before Tesla CEO Elon Musk’s purchase of social media giant Twitter, discussions on free speech were common among many online users both in and out of the crypto industry.

Twitter announced on Monday that it will become a privately held company following its board of directors accepting a bid from Musk to purchase the firm’s stock for $54.20 per share in cash — roughly $44 billion. Though the transaction is expected to close in 2022, it is still subject to the approval of Twitter stockholders as well as certain regulators.

In one of his last tweets prior to news of the purchase becoming public, Musk said, “I hope that even my worst critics remain on Twitter because that is what free speech means.” Twitter quoted the Tesla CEO saying “free speech is the bedrock of a functioning democracy, and Twitter is the digital town square.”

Muneeb:
Elon Musk make a very good decision at this time because so much peoples which loves the crypto market they follow the Elon Musk on twitter and when the Elon musk make a tweet peoples will start to follow that like he is going to post about the Doge coin and it will pump so much high and touches the highest history price in just a small time.

Vladv26:

--- Quote from: Muneeb on May 04, 2022, 08:46:52 PM ---Elon Musk make a very good decision at this time because so much peoples which loves the crypto market they follow the Elon Musk on twitter and when the Elon musk make a tweet peoples will start to follow that like he is going to post about the Doge coin and it will pump so much high and touches the highest history price in just a small time.

--- End quote ---
Not sure what he is doing is good for the crypto market since we are talking about pumping a coin, which is not going to help it grow on the long term. Yeah, sure the coin he is promoting will skyrocket for a couple of weeks but that'll last until the big whales start cashing out their profits.

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