Musk: Twitter’s integration of digital payments is logical! Accused of Dogecoin MLM

Tesla CEO Elon Musk attended an online meeting of all Twitter employees earlier today (17), the first time he has spoken directly with the company’s employees since the acquisition was announced in April; The meeting went all out to articulate his beliefs, stabilizing the military while hoping to reduce confusion among Twitter employees about the acquisition.

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In response to Musk’s most important freedom of speech, he said: As long as it doesn’t violate the law, Twitter needs to give people more space to say what they want to say… But the company needs to ensure that people are comfortable with the service, otherwise users won’t use it.

Notably, Musk mentioned integrating digital payments into Twitter while talking about possible product changes, such as the idea that users would have to pay to be verified as real human users through tools like subscription service Twitter Blue It is logical that it will make it easier to send money back and forth, and this comment reinforces the idea that he will introduce cryptocurrencies to the platform in the future.

When asked about potential layoffs, Musk didn’t dismiss the idea, saying only that Twitter needs to stay healthy. Overall, Musk’s stance at the meeting gave a sense that he still wants to own the social media giant.

Twitter acquisition delayed due to fake accounts

Before that, Musk asked Twitter to prove that the proportion of fake accounts was only below 5%, otherwise the acquisition would be delayed. Subsequently, in addition to continuing to declare that the relevant transactions are still in progress, Twitter also opened its internal database to Musk, not only to view the complete daily Twitter tweet data, but also to view the corresponding device used by each account, hoping to convince Musk to believe in fake news. The actual proportion of accounts is not high.

According to Musk’s previous plan, he hopes to increase the number of Twitter users to 600 million in 2025, and grow to 930 million in 2028, which means that it needs to grow at least 4 times after 6 years; but Musk believes that if If most of the accounts in the Twitter service are fake robots, it will greatly affect the platform’s advertising business, which will be detrimental to future development.

Musk sued for $258 billion in Dogecoin pyramid scheme

Just as Musk is scrambling to buy Twitter, he may be in new trouble. According to an earlier report by Reuters, Musk was sued by a Dogecoin (DOGE) investor on the 16th, seeking $258 billion in damages.

In a lawsuit filed in Manhattan federal court, the plaintiff Keith Johnson alleges that since 2019, Musk has known that DOGE has no value, but he used his reputation and his companies (previously Tesla and SpaceX launched the purchase of related peripheral goods with DOGE) ) hyped up Dogecoin and profited by raising its price in a Ponzi-like scheme; the complaint is also reported to have brought together comments from Buffett, Bill Gates and others questioning the value of the cryptocurrency.

Tesla, SpaceX and Musk had not commented on the news as of press time.

If you feel that investing directly in BTC and ETH is more radical, investing in mining machines is also a better choice. The mining machines can continue to produce BTC and ETH, and after the market recovers, the machine itself will also generate a certain value-added.


Post time: Aug-04-2022