Before the news of a Twitter crypto wallet, the social media platform has been supporting cryptocurrencies.
Snap blames its underperforming Q3 2022 financial report to rising inflation and the war in Ukraine. The report tanked other stocks.
Twitter alongside other social media platforms continue to play remarkable roles in the quest to get NFTs to be globally recognized and adopted.
Amid rumors of the cut, Twitter lawyer Sean Edgett sent a note to employees that there is no confirmation that Musk wants to lay off a large part of the entire workforce.
The social media company said it remains optimistic about its long-term opportunity amid its community growth.
The initiative is expected to provide a decentralized answer to Twitter and to ensure that users have control over their data and then move across platforms without permission.
Per the terms of the deal, Ye and Parler plan to enter into a definitive purchase agreement.
While there still remain many intricacies attached to the acquisition deal, Twitter will be satisfied with an outcome if Musk pays the agreed $44 billion.
In reaction to the news of Google reinstating Truth Social on the Play Store, the shares of Digital World Acquisition surged after hours.
Sequoia Capital and Binance will proceed with their initial commitment of funding $800 million and $500 million into Musk’s Twitter deal.
Elon Musk still has time till October 28 to end a deal and avoid trial.
Besides Twitter, other social media platforms also banned the President, as they claimed his comments are divisive and do not align with their core policies.
Twitter has refused to Musk’s proposal calling it an “invitation to further mischief and delay” in closing the deal.
Apollo and Sixth Street decided to opt out of financing Twitter deal when Musk backtracked on the acquisition back in July.
Elon Musk appears set to put an end to the conflict with Twitter by revisiting his original deal to acquire the company.