Elon bought Twitter for $44 billion and now this is the biggest news across social media platforms. Earlier he bought approx 9% stake in Twitter but now he fully owns and this is something very big news. This is obvious he must have something in his mind to do with Twitter and we may expect some great updates in the coming days and weeks. This is one of the biggest deals so far that happened recently and the Tesla owner now owns this leading micro-social media platform. What I can say is that such decisions are not made overnight and there must be something in his plan that we will surely see in the future.
Elon is crypto-friendly so we can also expect Twitter to be part of the crypto revolution. He is the one who made DOGE such a high-value coin and we can't ignore the fact that Elon Musk is a celebrity businessman of the time and he has a great influence in the market. Sharing just a word about the DOGE coin shows a nice jump in the token price and now we can imagine how things will move if he shared more information about crypto and even made Twitter a crypto supporting platform. What if he makes Twitter decentralized? Will twitter be part of web 3.0 through microblogging? I think that anything is possible however as of now there is no clarity of such things but I have seen a lot of people guessing that Twitter can be decentralized.
Twitter on Monday (local time) confirmed the sale of the company to Musk for USD 44 billion. Under the terms of the deal, shareholders will receive USD 54.20 in cash for each share of Twitter stock they own, matching Musk's original offer and marking a 38 percent premium over the stock price the day before Musk revealed his stake in the company.
We are in the era where decentralization is the future and people don't like to get censored by tech companies operating social media and this is why web 3.0 is also getting a good amount of attention. This is in its early phase but in the next few years see the revolution of web 3.0 and decentralization. This has started and will grow significantly for sure because the world wants the freedom to share and own whatever they post.
DOGE coin price has gone up by almost 25% after this announcement and people are anticipating that this deal will bring more value to the DOGE coin because Elon might use it for payment in Twitter. Even he talked about making Doge payable coin for Twitter blue tick subscription when we were only 9% stakeholder but now since he owns it so we can surely expect much more in this context.
I see this as a good move and hope that Elon will bring more innovation to Twitter and also make it more crypto-friendly however it will happen is still a surprise for us. So far, the crypto community is happy and it's surely a reason to be happy because Twitter is one of the platforms that most of us use and if it gets better then we will be able to use the next version of this micros blogging social media platform.
Thank you.