{"id":12505,"date":"2022-05-26T20:45:36","date_gmt":"2022-05-26T20:45:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/doge-price-jumped-25-after-elon-musk-bought-twitter-for-44b\/"},"modified":"2022-05-26T20:45:36","modified_gmt":"2022-05-26T20:45:36","slug":"doge-price-jumped-25-after-elon-musk-bought-twitter-for-44b","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/doge-price-jumped-25-after-elon-musk-bought-twitter-for-44b\/","title":{"rendered":"DOGE price jumped 25% after Elon Musk bought Twitter for $44B"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<p><em><strong>DOGE price jumped to highs near $0.17, while Twitter shares also gained to close 5.6% higher at $51.70.<\/strong><\/em><\/p>\n<p>Dogecoin (DOGE) surged by more than 25% on Monday 25 April after its biggest fan Tesla CEO Elon Musk, acquired Twitter (TWTR).<\/p>\n<p>DOGE, which has pumped on previous Musk-related news, soared to intraday highs near $0.17. The top meme coin\u2019s upsurge came after a day-long tease, with investor sentiment around the coin peaking after Musk reached a deal with the Twitter board over the purchase.<\/p>\n<p>While the cryptocurrency remains a long way off its all-time high of $0.73 reached in May 2021, the reaction to today\u2019s news could only be among many to come. \u00a0<\/p>\n<p>At the time of writing, DOGE\/USD was trading around $0.16, about 15% up in the past 24 hours after paring some of the intraday gains.<\/p>\n<h2>Twitter accepts Elon Musk\u2019s $44 billion buyout<\/h2>\n<p>On Monday, Twitter announced in a<a href=\"https:\/\/www.prnewswire.com\/news-releases\/elon-musk-to-acquire-twitter-301532245.html\" rel=\"noopener noreferrer\" target=\"_blank\">\u00a0<u>press release<\/u><\/a> that its board had \u201centered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk.\u201d<\/p>\n<p>According to the announcement, the acquisition translates to $54.20 per share for a value of $44 billion. At this price, Twitter shareholders are getting a 38% premium on the company stock\u2019s closing price on 1 April 2022, a day before the Tesla CEO disclosed a 9% stake in Twitter.<\/p>\n<p>Musk says he will ensure Twitter becomes the \u2018bedrock\u2019 of free speech, better than ever and free of spam bots. He will enhance it with new features as well as seek to authenticate all humans.<\/p>\n<p>\u201c<em>Twitter has tremendous potential \u2013 I look forward to working with the company and the community of users to unlock i<\/em>t,\u201d he said.\u00a0<\/p>\n<p>Musk also hopes that him owning the social media company doesn\u2019t push some users off the platform.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I hope that even my worst critics remain on Twitter, because that is what free speech means<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1518623997054918657?ref_src=twsrc%5Etfw\">April 25, 2022<\/a><\/p>\n<\/blockquote>\n<p>Twitter\u2019s share price jumped from under $49.00 on Monday, soaring to highs of $52.29. Despite paring some of the gains, the stock still closed more than 5.6% up at $51.70. Want to capitalise on rising DOGE prices, <a href=\"https:\/\/coinjournal.net\/dogecoin\/buy\/uk\/\">learn how to buy DOGE UK<\/a> here.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/dogecoin-pumps-as-twitter-accepts-elon-musks-44-billion-bid\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) DOGE price jumped to highs near $0.17, while Twitter shares also gained to close 5.6% higher at $51.70. Dogecoin (DOGE) surged by more than 25% on Monday 25 April after its biggest fan Tesla CEO Elon Musk, acquired Twitter (TWTR). DOGE, which has [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":12506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12505"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12505"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12506"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}