Elon Musk To Dominate Twitter Space Becomes Single Largest Shareholder

ApeCoin (APE) Price Surges by 15% Following Elon Musk's Twitter Profile Picture
  • In November, Jack Dorsey, Twitter’s co-founder and CEO stepped down.
  • Musk has openly discussed the prospect of creating a competing social media network.

Elon Musk, CEO of Tesla Inc., asked Twitter followers whether they wanted an edit button in a poll he shared on the social media platform. Earlier this week, Elon Musk announced that he owns 9.2 percent of Tesla, which is worth roughly $3 billion, and that he is the microblogging site’s single biggest shareholder. Dogecoin, quickly soared by 10% as a result of the announcement.

Tweets may now be edited after they’ve been posted, according to the early findings of a survey conducted amongst those who have taken part. According to Twitter CEO Parag Agrawal’s comment after Elon Musk’s poll, its outcome will be significant. “Please vote carefully,” he said. 

Long Anticipated Edit Function

On April 1, Twitter posted an official message announcing that the long-anticipated “edit” function would soon be available. “We cannot confirm or deny, but we may edit our statement later,” the corporation said when questioned whether the tweet was a prank.

In November, Jack Dorsey, Twitter’s co-founder and CEO stepped down. As of this writing, Musk’s stake in Twitter is over four times that of Dorsey, the company’s previous greatest shareholder. According to an SEC filing made public on Monday, the incident that prompted the filing occurred on March 14. As a long-term “passive” investor, he fits all of the requirements for this kind of investment.

Dogecoin and other cryptocurrencies have received several endorsements from Tesla CEO Elon Musk. Many of his tweets have had a significant influence on cryptocurrency values. Famous analyst Pomp recently tweeted about Musk now being the Chief Meme officer citing Musk’s support for meme coins over time and now musk owning a significant stake.

However, Musk has also openly discussed the prospect of creating a competing social media network in front of his enormous and devoted Twitter following. 

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.