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Elon Musk Becomes The Sole Director Of Twitter, DOGE’s Price Up 25%

Elon Musk Becomes The Sole Director Of Twitter, DOGE's Price Up 25%

Elon Musk is now the only director of Twitter after all other directors were fired after he acquired the social media company.

According to a filing with the US Securities and Exchange Commission detailing the terms of the material agreement for the $44 billion deal, former directors let go included Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li, and Mimi Alemayehou.

The Tesla CEO said on Sunday:

Staff was said to have labored all weekend to have the product ready. Elon Musk is believed to have instructed engineers that the subscription service had to be ready by November 7 or they would be sacked.

Twitter could begin charging users up to $20 per month, four times the present $4.99 cost of its optional subscription service. And it seems that the Twitter community does not agree with Musk’s path very much.

Of course, with the dictatorship of Dogefather, Dogecoin is the coin that benefits the most. At the time of writing, DOGE’s price is up over 25%, an amazing performance thanks to Elon Musk.

DOGE daily chart. Source: Coincu

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.