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Business mogul and Tesla CEO Elon Musk has added ownership of another tech giant to his growing corporate empire, urging him to continue the rally Dogecoin (DOGE) sparked earlier this week. increase.
according to the new report The billionaire recently completed a multi-billion dollar acquisition of social media giant Twitter and started to steer the company by laying off a number of executives and employees, according to Reuters.
Musk immediately after purchase Said His 111 million Twitter followers say, “The bird has been set free.”
billionaire To tell He bought Twitter because he believes civilization needs a space where ideas can be freely discussed.
I acquired Twitter because it is important to the future of civilization to have a common digital town square where a wide range of beliefs can be discussed in a healthy way without resorting to violence.
The news sent the popular meme token DOGE skyrocketing again, up about 12% from a 24-hour low of $0.0729 to $0.0877. Dogecoin recently caused a rally after it was announced that Musk visited his Twitter headquarters in San Francisco the day before completing his massive $44 billion transaction.
At that time, DOGE surged from $0.063 to a seven-day high of $0.072, an increase of 14.8%. Musk has previously said that payments are fundamentally digital and that Twitter should allow digital payments.
Twitter now has a feature that allows users to instantly send the top two digital assets, Bitcoin (BTC) and Ethereum (ETH), around the world.
Musk has not specifically mentioned embedding Dogecoin into the chip’s capabilities, but has appreciated the meme asset in the past, speculating that investors may add Dogecoin to the protocol.
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