Tesla CEO Elon Musk warns his deal to buy Twitter can't move forward unless the company shows public proof that less than 5 percent of the accounts on the social media platform are fake or spam.
The Tesla billionaire who inked a deal to buy Twitter must still get the backing of shareholders and regulators to change the social media platform's content moderation policy.
Musk promises a more lenient touch to police content on the social media platform where he — the world's richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers.
The Tesla chief was named to join the Twitter board after buying a major stake in the firm and becoming its largest shareholder.
The changes suggested by Musk include slashing the premium service's price, banning advertising and giving an option to pay in the cryptocurrency dogecoin.
Tesla Inc’s boss has entered into an agreement with the social network company to sit on its board after becoming a top shareholder in Twitter.
Business magnate Musk has taken a 9-percent stake in Twitter Inc as the goal of his purchase is not clear yet.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance, down 36 percent from levels around $0.65 before Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday Night Live."
The latest spike in the price of meme-based cryptocurrency is fuelled by renewed endorsements by the billionaires and listings on eToro and Gemini exchanges.
Elon Musk launches a pair of potentially game-changing shifts for bitcoin, promising Tesla Inc would take payment for its electric vehicles in the currency soon and revealing it had already invested $1.5 billion in the cryptocurrency.
A group of amateur investors, using the online platform Reddit and calling itself WallStreetBets, is credited with pushing up GameStop shares to as high as $380 from $18 just a few weeks ago and roiling the Wall Street establishment.
Price of bitcoin reaches $41,130 after having jumped 9.75 percent during the trading session.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2022 TRT World.
Like
Follow