$104,981.00
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0.87%$646.43
-1.08%$145.37
-0.93%$0.999709
-0.01%$0.177592
0.42%$0.269645
-0.34%$2,530.45
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-0.76%$41.04
0.90%$105,023.00
-0.27%$3,049.95
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2.10%$13.11
-1.61%$9.06
0.59%$0.258579
-0.22%$19.05
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1.99%$0.999613
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1.46%$2,532.45
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2.26%$1.00
-0.10%$1.00
0.04%$312.59
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12.45%$4.55
0.94%$104,978.00
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2.26%$0.620742
11.33%$7.28
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0.02%$368.77
0.40%$51.64
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1.87%$1.00
0.00%$4.50
1.80%$0.091613
0.76%$2.22
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1.97%$0.791515
0.76%$175.88
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0.02%$29.28
3.55%$1.00
0.06%$0.639501
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4.03%$17.02
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0.00%$0.0221288
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0.99%$0.087693
10.35%$104,677.00
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1.39%$0.337956
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1.25%$0.984114
0.93%$0.17878
0.45%$105.45
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1.81%$1.83
3.08%$0.411679
0.05%$1.21
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0.84%$2,881.89
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0.64%$0.343791
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2.30%$0.600045
2.59%$1.00
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0.00%$0.059985
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1.55%$0.999764
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1.11%$2,705.16
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0.98%$104,776.00
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4.40%$2,656.34
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0.25%$0.533426
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0.32%$0.087757
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0.71%$0.01298015
7.09%$0.597658
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0.55%$0.00007855
1.17%$162.31
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0.02%$0.704359
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1.40%$20.31
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0.02%$0.170235
0.40%$0.265208
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0.28%$1.97
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10.29%$104,386.00
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1.34%$1.094
0.03%$0.581077
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0.12%$0.215183
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0.95%$2,532.53
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4.61%$105,026.00
0.09%$2,680.79
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12.00%$0.999709
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3.45%$0.00002074
1.90%$0.346518
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1.34%$1.09
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3.04%$0.01803653
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2.61%$0.999841
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3.26%$8.82
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1.17%Reading
Twitter stock has plummeted more than 19% premarket after Elon Musk said that his $44 billion acquisition of the platform would be put "temporarily on hold."
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," he tweeted today, citing a May 2 report from Reuters regarding estimated bot activity on the social media platform.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Shortly after making this announcement, Musk again turned to Twitter to say that he was "still committed to acquisition (sic)."
Still committed to acquisition
— Elon Musk (@elonmusk) May 13, 2022
Eliminating spam and bot activity was one of the primary objectives for the SpaceX and Tesla chief when discussing his ambitions for Twitter. He also said that he plans to make Twitter's code open-source on GitHub and add an edit feature, among other ideas.
Today's news follows a long saga linking the social media platform, the controversial entrepreneur, and, of course, cryptocurrencies.
Elon Musk first bought just a 9.2% stake in Twitter on April 4, before making a formal bid just weeks later for 100% control over the social media platform. Twitter formally accepted the offer on April 25 despite the board invoking a "poison pill" to block the deal.
Outside of the above-mentioned features, Musk has also discussed integrating Dogecoin as a payment option for Twitter's premium services, adding to his reputation as one of Dogecoin's most influential voices.
During a TED talk in Vancouver, Canada, Musk was asked if he regretted his repeated pumping of Dogecoin.
His response: “I think they’re fun, and I’ve always said, ‘Don’t bet the farm on Dogecoin.’”
The crypto connections don't stop there either.
Twitter has entered a new age—one in which the company is owned solely by Dogecoin's biggest fan: Elon Musk. Naturally, Dogecoin is booming—up 26% as of this writing, peaking at $0.1675—after the deal was announced. By comparison, Bitcoin and Ethereum were up 1.6% and 2% on the day, respectively. Dogecoin’s price is prone to react to Elon Musk’s accomplishments and DOGE-related proclamations over Twitter. His frequent memes were largely responsible for pushing Dogecoin to a third-place market ca...
In an updated 13D filing to the SEC, it was revealed that crypto's largest exchange Binance had helped finance Musk's Twitter bid to the tune of $500 million. Binance CEO Changpeng Zhao took to Twitter to share the news, calling it "a small contribution to the cause."
A small contribution to the cause. https://t.co/xD9XZxOWfL
— CZ 🔶 Binance (@cz_binance) May 5, 2022
Other notable backers included Fidelity ($316 million), Qatar Holdings ($375 billion), and Andreessen Horowitz ($400 million).
The largest investment in the group was Larry Ellison's $1 billion commitment.
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Circle’s stock surged again to end the week while GameStop shares swoon after another bond offering—but SharpLink Gaming’s fall takes the cake. Circle stays hot The euphoria started to ebb, but the glossy announcements kept coming—and CRCL is surging again. After last week's massive launch, USDC issuer Circle has seen its stock reach new highs and then start to settle over the course of...
GameStop upsized its latest offering of convertible senior notes to $2.25 billion from $1.75 billion, the video game retailer said in a press release published late on Thursday. Shares dropped earlier this week after the Grapevine, Texas-based firm said that it would offer investors more convertible bonds, following a similar, $1.5 billion raise in April. Although GameStop shares held ground on Friday, they fell 24% throughout the week, closing at $22.14, according to Yahoo Finance. Shares chang...
SharpLink Gaming recently acquired $462 million worth of Ethereum, becoming the asset’s largest holder among public firms, according to a company blog post published on Friday. The Nasdaq-listed online gambling marketer, which adopted an Ethereum treasury strategy in May, said that it had purchased roughly 176,000 ETH for an average price of $2,600 per coin. The price of Ethereum was recently changing hands around $2,500, an 8.8% decrease over the past 24 hours, according to crypto data provide...
