Tag Archives: elon musk

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Having officially bought Twitter, Elon Musk will immediately appoint himself as Chief Executive Officer of the now-private social media giant. Besides clearing out its top executives, the new leader reportedly plans to do away with permanently banned accounts across the platform.  No More Permabans As reported by Bloomberg on Friday, Musk plans to replace Parag Agrawal as CEO after firing the executive on Friday. That’s according to people familiar with the matter, who asked...

After spending multiple weeks trapped around $19,000, Bitcoin’s price was finally able to escape the range and break out toward the upside. BTC reclaimed $20K and even poked above $21,000 before retracing a bit to where it currently trades. Elsewhere, Elon Musk officially acquired Twitter, so let’s unpack. Bitcoin started the week trading at around $19,000, and it was seemingly trapped there for quite a while. However, the volatility picked up on Tuesday, and the bulls...

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Numerous scam tokens have launched under the symbol “TWIT” following Elon Musk’s latest Twitter bio change related to his acquisition of the company. With just a day to go before the billionaire acquires Twitter, Elon Musk has changed his bio on the platform to read “Chief Twit.” In the aftermath, multiple tokens named either “TWIT” or “Chief Twit” were released on Ethereum and Binance Smart Chain, according to PeckShieldAlert on Twitter. Some other tokens go by the name...

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An internal document has shown that the number of active users on Twitter is continuously reducing and could affect revenue.According to information obtained by Reuters, Twitter (NYSE: TWTR) is in a bit of a bind as it is struggling to retain its most active users. The number of most active users, or “heavy tweeters” is declining, a major challenge for the social media platform.Reuters says internal Twitter research shows that heavy tweeters post more than 90% of all tweets even though they...

On October 24, CEO Elon Musk confirmed during a video conference with a group of bankers that he is prepared to close the acquisition of Twitter by Friday, October 28. According to sources interviewed by Bloomberg, the banks provided $13 billion in financing to the electric car mogul to finalize the purchase, which is in the final stages of its paperwork. Wall Street lenders had been preparing for weeks in anticipation of the purchase. The court handling the Twitter case set...

Tesla has been facing growing challenges in China due to strict COVID-19 rules as well as growing competition from local electric carmakers like BYD.The world’s largest electric carmaker Tesla Inc (NASDAQ: TSLA) has decided to cut the price of its cars in one of its most-competitive markets China. As per the latest development, Tesla has cut the price of its Model and Model Y vehicles.Tesla Cars PriceThe price of the Model 3 sedan in China has been reduced to 265,900 Chinese yuan ($36,615)...

The global recession will probably last until the spring of 2024, guessed Tesla CEO Elon Musk over Twitter on Friday.  The billionaire cast his prediction in response to Dogecoin creator Billy Markus, who made a tweet joking about an “impending global recession,” and “nuclear apocalypse.” Musk replied that it would be nice to have one year without any “horrible global event.”  Another account – Tesla Owners Silicon Valley – then asked the billionaire how long the recession...