Trading on Twitter has halted as Elon Musk reportedly reissued his original offer of $54.20 per share to buy the company. Shares rose 12% on the day before the trading halt.
Musk had discussed adding the ability for users to pay for Twitter’s premium service, Twitter Blue, using Dogecoin, before the deal stalled over concerns about the number of bots on the platform.
bloomberg report A trial scheduled for Oct. 17, in which Twitter’s board sued Musk for pulling out of the original deal, may not go any further. Twitter’s board of directors tried to force the sale through legal means, but the lawsuit scrutinized Twitter’s use of bots in public.
Upon breaking the news, DOGE’s price jumped 8% to a local all-time high of $0.066. The coin has fallen 91% from its all-time high in May 2021. However, he is up 31% from the local bottom of $0.048 seen on June 18, 2022.
Musk is currently the subject of a $258 billion lawsuit for shilling Dogecoin in a pyramid scheme. DOGE’s price action against Elon Musk’s business venture is undeniable. Over the years, whenever Musk mentions DOGE, the coin has seen short-term gains in both volume and price.
However, in June of this year, Musk denied the allegations.
“I personally plan to support Dogecoin because I know a lot of not-so-rich people who have encouraged me to buy and support Dogecoin. I have.”
Musk last mentioned Dogecoin in September when he was inspired by Cybertuck whistle This could only be purchased through Tesla’s website using DOGE. The whistle he could buy for 1,000 DOGE, but is currently out of stock.
Musk also made Tesla merchandise available for purchase at DOGE in May. Musk has been relatively quiet on the Dogecoin front in recent months, but he spoke with someone. graphic designer Almost daily on Dogecoin Foundation Twitter.
The Dogecoin community will be waiting with bated breath as to whether the deal will finally go through. I will keep my promise.
