DOGE’s price surges when Elon Musk offers to buy 100% Twitter
DOGE’s price surges when Elon Musk offers to buy 100% Twitter
In the 10 minutes after Elon Musk’s announcement, Dogecoin (DOGE) gained its market value by approximately $1 billion, rising from $18.44 billion to $19.36 billion. DOGE’s price jumped from $0.139 to $0.1459 at the same time, with a $140 million increase in volume.
Elon Musk has made an offer to acquire 100% of Twitter only days after announcing his leaving from Twitter’s board of directors.
Elon Musk, who owns more than 9% of Twitter’s stock and is the company’s largest shareholder, sent the company a letter on Wednesday with a proposal to acquire the remaining shares of Twitter, according to a regulatory filing on Thursday. Musk made an offer of $54.20 per Twitter share.
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.
However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” Musk said in a statement.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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DOGE’s price surges when Elon Musk offers to buy 100% Twitter
DOGE’s price surges when Elon Musk offers to buy 100% Twitter
In the 10 minutes after Elon Musk’s announcement, Dogecoin (DOGE) gained its market value by approximately $1 billion, rising from $18.44 billion to $19.36 billion. DOGE’s price jumped from $0.139 to $0.1459 at the same time, with a $140 million increase in volume.
Elon Musk has made an offer to acquire 100% of Twitter only days after announcing his leaving from Twitter’s board of directors.
Elon Musk, who owns more than 9% of Twitter’s stock and is the company’s largest shareholder, sent the company a letter on Wednesday with a proposal to acquire the remaining shares of Twitter, according to a regulatory filing on Thursday. Musk made an offer of $54.20 per Twitter share.
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.
However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” Musk said in a statement.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
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