![]() “He also knows that Web 3.0 will do for centralised information exchange systems what Bitcoin did for centralised de facto value exchange networks.”Ĭhesini argued that Jack Dorsey, Twitter’s former chief executive, left the Silicon Valley giant to focus on Bitcoin because he knew he did not have the power for turning Twitter open source. “Elon Musk knows that cryptocurrencies are disrupting value exchange, and he knows that PayPal is being disrupted by Bitcoin,” said Fabio Chesini, a banking and blockchain specialist. Others were more enthusiastic about the prospect of the acquisition. “This would have been a better outcome for the world, if you ask me,” Cohen suggested. “Many sought to buy out Twitter and turn it into a decentralised autonomous organisation (DAO) governed by the community,” he said. For example, the transaction process is more efficient than that of Bitcoin (which is what it was set up to parody).ĭogecoin payments take one minute to confirm, in comparison to the ten-minute wait for bitcoin.Ĭohen continued that Twitter has become the de-facto platform for crypto social media. “DogeCoin is taking off, as he has a weird love affair with that meme coin,” quipped Boyd Cohen, chief executive at blockchain start-up IoMob.Īlthough DogeCoin still plays on its origins as a joke currency, it does possess certain strengths. The so-called meme coin, which was created by two software developers in 2013 as a joke payment system, has surged in price since the news. The acquisition could see Twitter more engaged with crypto-assets.Įarlier this month, Musk suggested that Dogecoin could become one of the payment options for the social media platform. The transaction, which has been unanimously approved by the Twitter board of directors, is expected to close in 2022, subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals and the satisfaction of other customary closing conditions. In a transaction valued at $44bn, Twitter will become a privately held company, following the business tycoon’s hostile takeover bid last week. It is now official that Elon Musk is in the process of, quite controversially, acquiring Twitter. Senator Ron Wyden, a Democrat from Oregon and chair of the Senate Finance Committee, who had pushed for a wealth tax on billionaires.Twitter has announced that it has accepted a bid from Elon Musk to acquire the social media platform, in a sign that it could become more engaged with crypto-assets. co-founder Jeff Bezos had accumulated was “immoral.” In March, he tweeted that the amount of wealth Musk and Inc. Sanders, a Vermont independent who caucuses with Democrats, chairs the Senate Budget Committee and has long advocated for the wealthy to pay more taxes. “Feels more homey to live in a small house,” he wrote. On Saturday, Musk tweeted that he’s been living in a small home in South Texas for the past two years. ![]() Late last year, Musk confirmed he had moved from California to Texas, a state which levies no income tax. He said in September that he was likely to exercise “a huge block” of those options toward the end of this year. Musk also didn’t mention in his tweets that he has millions of stock options that must be exercised before they expire in August 2022. But some of the transactions were carried out under a trading plan he pre-arranged in September, well before he consulted his substantial social media following. The share disposals began after Musk polled Twitter users on whether he should sell. Musk offloaded almost $7 billion worth of Tesla stock last week, helping push the automaker’s shares down 15%. Musk was still firing off tweets 11 hours later, saying Sanders “is a taker, not a maker.” ![]() I keep forgetting that you’re still alive - Elon Musk November 14, 2021 In a subsequent tweet early Sunday, the chief executive officer of Tesla and SpaceX asked: “Want me to sell more stock, Bernie? Just say the word…” Musk, whose $286 billion fortune has made him a target for supporters of a wealth tax, responded: “I keep forgetting that you’re still alive.” The 80-year-old Sanders, who unsuccessfully sought the Democratic Party presidential nomination in 20, on Saturday tweeted that “we must demand that the extremely wealthy pay their fair share.” He didn’t mention Musk by name. shares, which would require him to pay capital gains taxes. ![]() Musk even raised the notion of selling more of his Tesla Inc. senator repeated his call for billionaires to pay more in taxes. Elon Musk taunts Bernie Sanders: 'I keep forgetting you're still alive' Still not keen on the idea of paying taxesĮlon Musk, the world’s wealthiest person, directed a series of insults at Bernie Sanders on Twitter after the U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |