Category Archives: Elon Musk

1. Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal  CNBC
2. Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed  CNN
3. Elon Musk sells 19.5 million Tesla shares worth almost $4 billion  TechCrunch
4. Elon Musk sells another $3.9 billion worth of Tesla (TSLA) to throw in Twitter dumpster fire  Electrek
5. Elon Musk's Fortune Falls Below $200 Billion As Tesla Hits 52-Week Low  Forbes
6. View Full Coverage on Google News

Read the original:

Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal - CNBC

Tesla head Elon Musk created a furor among many on the left and some of those supportive of Ukraine when he posted a poll with a proposed peace deal between Ukraine and Russia in it.

Musk said he thought that this was likely to be the outcome in the end but that it was just a question of how many die before then.

Musk indicated that he was concerned about what would happen to Ukraine if Russia went all-in. Russia is doing partial mobilization. They go to full war mobilization if Crimea is at risk. Death on both sides will be devastating. Russia has >3 times population of Ukraine, so victory for Ukraine is unlikely in total war. If you care about the people of Ukraine, seek peace.

Now, whatever you think of the poll, hes been supportive of Ukraine, even providing them with Starlink terminals which have helped them to stay digitally connected with the rest of the world. You can argue about what he says in the poll and the concepts of appeasement, but his support for Ukraine is well known.

But his posting of the poll enraged many Ukraine supporters because it wasnt just Russia should get out of Ukraine as an ultimate solution. He of course was accused of supporting Russia which wasnt what he was doing.

It stands to reason that the dumbest response would come from Rep. Adam Kinzinger (R-IL). Because apparently, he thinks the only ones entitled to an opinion are people who agree with him. As we noted, he posted a bizarre tweetstorm about pro-lifers and Ukraine. Then he had to delete them because they were embarrassing. Hes posted multiple false things about Ukraine, but sure, lets just limit all comments to the dumbest comments.

One Ukrainian diplomat had a rather blunt response.

Musk even got a response from Ukrainian president Volodymyr Zelensky.

Of course, Musk wasnt supporting Russia, whatever you think of his proposal. But theres no nuance or room for discussion with anyone on social media anymore. Or appreciation for the fact that he has helped Ukraine in the past, which some noted in response.

Trending on Redstate Video

Read more from the original source:

Elon Musk Lights up the Internet With Ukraine Peace Deal Proposal ...

That the rich "entrepreneurial"-styled head of an international news company might have still been backing ridiculous clownburger Donald Trumpafter transparently corrupt acts and a pandemic response that relied heavily on his clownburger son-in-law poking his nose into things before everyone lost all remaining interestis not really news. Much of the news you read comes through the filter of right-leaning corporate owners who don't give a particular damn about anything but themselves and their personal cash flows, whether it be the Post's own worker-gouging Bezos or the unmitigated malevolence of the Murdoch clan. It's baked in.

The weirder part is that Dpfner apparently insisted quite boldly he had never sent such a message, right up until the Post showed him their copy of the email in question, after which he claimed he might have sent such a thing as "an ironic, provocative statement in the circle of people that hate Donald Trump."

You know, just to get a rise out of his own executives. As one does, when one wants to be a free-spirited provocateur.

The I only did that to be an asshole defense is itself usually a pretty solid one when it comes to any profile of any chief executive who has rapidly risen through the ranks and now stands on the top of the common rabble, and Dpfner might have had a shot at selling the Ironic Asshole Defense had the email not also contained a numbered list of Trump's supposed best accomplishments, aside from the being impeached for corruption and leading a staff of incompetent mostly-crooked buffoons through a campaign of screwing up any part of government any one of them was aware of.

"No American administration in the last 50 years has done more," wrote Dpfner after listing off successes like "defending the free democracies" against Russia(?), pressuring NATO to spend more money(??) and, of course, "tax reforms."

A complete failure to respond to worldwide pandemic disaster didn't make the cut of Dpfner's concerns, and whether or not Trump instituted a policy to intentionally separate refugee children from their parents is not worth mentioning. It just couldn't compete against the powerful successof "tax reforms."

The Post's profile of Dpfner is gawdawful familiar, even to the point of being rote. We're told that Dpfner's politics are hard to pin down, but that he thinks the Post and The New York Times have gone too far left while he is not a fan of conservative media's "alternative facts." He believes there is a nonpartisan path between the two, between "predictable political camps." He is an iconoclast, spending his money on "a collection of female nudes by female artists" rather than the usual yachts. He's not a fan of racism or homophobia, but as his plaudits for Trump's alleged successes show,neither is a dealbreaker.

Oh, and he calls Elon Musk "one of the most inspiring people" he's met, and the mans son works for the fascism-promoting white-nationalist-boosting Peter Thiel, and it just happens that the two news outlets at the top of the company's German mediaempire are a hard-right skeevy tabloid and a not-as-hard-right mostly corporatist paperan arrangement we here in America are already quite familiar with and do not find "hard to pin down" in the slightest.

By the time you're even halfway through, then, the Post story paints a picture of the sort of big-mediaiconoclast who is utterly rote at this point. Got it. He's a right-leaning new-money self-promoting entrepreneur type who wants to chart a path where rich people get lots of tax cuts, but we maybe don't burn his LGBTQ friends at the stake. He's here to revamp journalism around a version of centrism that thinks Donald Trump was doing a bang-up job when he was scooting around the world dragging his bare ass on the carpets while not giving aparticular damn about the crooked parts or the authoritarianism.

We heard this biography when it was about Musk. Or about Thiel. Or when Andrew Yang declared that all this fuss over hard-right fascism and not-fascism was super-super partisan and what the world needed instead was a new party that didn't care about such things and instead cared about whatever Andrew Yang cared aboutcryptocurrencies, maybe. We heard it when it was the Starbucks guy who wanted to run for president on the same platform.

This isn't being a maverick. This is the most bog standard of all possible Rich Person Political Stances. This is the utter, magnificent laziness of men at the top of their profession quickly coming to decide that Politics Itself is wrong and that they, uniquely and truly, are the ones who can see through the nonsense and give us a nice, semi-fascist middle ground.

Jeebus Cripes, this is Great Gatsby stuff. New Wealth Fixes The World is what Ayn Rand choked her pages with. This sort of nihilistic I-can't-be-defined-by-your-politics hokum is the essence of every "tax cuts for rich people, marijuana for the poor people" college libertarian rantand the people in charge of the world love this vapidity. Each of them is convinced they, personally, may have invented it.

We get it. The moment a certain kind of man gains elevated wealth and power, they can't rest until the rest of the world knows that it's because they have the brain to solve all problems, and the answer they come up with every last time is: A middle position! One where both sides agree that I get tax cuts and we compromise down the middle on the fascism and book-burning and whatnot!

I mean ... whatever. The Post is doing us a service in showing us that time after time, the leaders of all the stuff you watch and read are, for the most part, vapid people who rose through the ranks of other vapid people to become the new earls and dukes of vapidity, but theres not a lot of divergent thinking among any of them. Is there any question that newspapers find people to own newspapers to be the cleverest and most interesting people in the world? Are you surprised when a new network head is feted by the rest of the industry as having a bold new take on things that only looks exactly the same as the previous take to you because you aren't a media visionary?

Eh. Seriously though, to write a letter boosting Donald Trump for overseeing corporate tax cuts in the fall of 2020, with half a million American pandemic dead, a prior impeachment over corruption, and a list of accomplishments that can best be described only as a campaign of international blowhardism: The new head who will be steering Politico into yet another vision of wealth-backing neutrality seems to have spent a lot less time on his political stances than he has on his art collection. Can't all these iconoclasts follow their hearts, building space yachts shaped like naked women or whatever it is animates them without dragging the rest of us into it? Why dip yourself into politics at all? If all you want are tax breaks, sure, whoever develops a new space program gets a tax break. Whoever figures out a way to keep the state of Florida above water when Greenland's ice sheets collapse gets a tax break, and we'll rename Miami to whatever new name you want.

We'll agree to that if you all stop telling us how your own indifference to the slow dismantling of world democracies amounts, when balanced against new tax policies,to a heretofore unseen and brilliant Third Way. Gawd, just stop already.

Read more from the original source:

Meet Politico's new maverick publisher, Peter Elon Bezos Yang Musk or ...

This morning Kanye West announced hes buying Parler, the annoyingly named so-called free speech platform that ignores the proper French pronunciation of its moniker in service of a poor pun. The deal terms arent out there yet, but the startup has so far raised $56 million and I bet it has a tidy little exit on its hands if this goes through.

A spurned billionaire purchasing a social networking company because of perceived encroachments on their free speech rights (where none actually exist) seems somehow familiar. Oh, thats right: Elon Musk is doing basically the same thing, on a grander and more litigious scale.

Elon and Kanye have history, of course, and the Tesla founder was quick to welcome Ye back to Twitter when the latter was blocked from Instagram for antisemitic posts. Kanye quickly used Twitter to push more antisemitic trash, however, leading to him having his account locked and Musk then issuing a weak admonishment (if you can even call it that) for his pals inexcusable behavior.

Leaving aside that Musks response is a terrifying vision of what moderation on Twitter could become if the multi-CEO gets his wish and does complete the $44 billion transaction to acquire the platform, the interaction and Mondays Parler news say a lot about where we are socially and the state of the media tech industry. In particular, watching these two over-moneyed and over-indulged boys spend their way to uncancelable status illustrates a lucrative new exit path for startups looking to disrupt the status quo when it comes to letting people say things they shouldnt say.

It used to be that billionaires having a temper tantrum would result in the death of media outlets, but the new trend seems to be not attempting to quash the object of their ire, but instead spending boatloads of cash to warp a collective social viewpoint to fit their specific worldview. Whether that money is their own, or the collective wealth of their fawning retinue of deep-pocketed sycophants scarcely matters theres a lot of economic opportunity to be had for down-on-their-luck networking tools with flexible moral outlooks.

This is only half tongue-in-cheek: There really have been a lot of startups and companies cropping up to address the social media companies being allowed to control what we can and cannot see,as one extremely mistaken ex-attempted despot put it. In a sane market those would need to contend on the measures we typically use to judge startup success: User traction and engagement, revenue, etc. Now, it looks like they might be able to use a bruised ego to help their investors return the fund.

Read more:

Kanye West and Elon Musk provide a new exit path: The billionaire tantrum - TechCrunch

Elon Musks management style is notoriously impulsive, toxic and cruel. Onetime employees describe being tossed to the curb like a piece of litter, the result of Musks complete lack of loyalty or human connection. This coldness hasnt been reserved just for middle management or low-level workers. In 15 years, Tesla has cycled through almost a dozen general counsels. Maybe it was calculated to keep the rest of the workforce on their toes and scared, an anonymous former Tesla employee told Musk biographer Ashlee Vance in 2015. Maybe he was just able to detach from human connection to a remarkable degree.

Anecdotes like theseand far weirderhave surrounded Musk for decades, almost always with an asterisk: Maybe this was all part of Musks master plan. Were his sociopathic actions proof of mad genius or just madness? The value of his companies kept going up, and sometimes his sociopathic management style worked. In 2013, Musk fired many of Teslas top lawyers with one sweep and promoted his divorce attorney, Todd Maron, to run the multibillion-dollar company; he turned out to be a good manager, sources inside the company say, and served as general counsel for five years.

Go here to see the original:

Elon Musk's Management Style Is a Threat to Global Democracy - The Information

Image: Getty Images

SpaceX's Starlink satellite broadband service could soon be available on some flights via its Starlink Aviation service.

SpaceX announced its high speed, low-latency service will be available as soon as passengers walk on a flight.

SpaceX claims it can deliver "up to 350 Mbps" speeds on each plane, allowing all passengers to "access streaming-capable internet at the same time".

"With latency as low as 20 ms, passengers can engage in activities previously not functional in flight, including video calls, online gaming, virtual private networks and other high data rate activities," it says on its website.

Also: SpaceX's Starlink internet is now heading to cruise ships in 'game-changing' deal

Aviation is the fourth Starlink product, following residential, business, RVs, and maritime. SpaceX inked a deal with cruise operator Royal Caribbean to deploy Starlink across its entire fleet.

SpaceX designed an aerodynamic, low-profile receiving terminal that it shows sitting on top of an aircraft. The terminal features electronically steered phased array antenna.

"Internet in airplanes will feel same as if you were accessing Internet at home!," wrote SpaceX chief Elon Musk on Twitter.

The Starlink Aviation kit includes an Aero Terminal, power supply, two wireless access points, and harnesses. SpaceX says deliveries will start in 2023.

GoGo is one example of an air-to-ground (ATG) wireless network that some US carriers offer. In other parts of the world, it's mostly satellites that provide in-flight Wi-Fi. Viasat offers commercial airlines satellite-based, in-flight Wi-Fi. Its geostationary satellites orbit at about 22,000 miles (34,000 km) above Earth. SpaceX's now 3,000-plus Starlink low-Earth orbit satellites circle the planet at 340 miles (550 km). Per Bloomberg, Intelsat, the largest provider of in-flight services, is on about 2,000 aircraft via its satellites, with 1,000 more connected by its ATG systems.

Hawaiian Airlines in April announced a deal with SpaceX Starlink in which it would provide passengers with free connectivity in 2023 on its Airbus A330 and A321neo fleet, and its new fleet of Boeing 787-9 Dreamliner aircraft on flights to North America, Asia, and Oceania. JSX, a regional US carrier, recently trialled Starlink on a flight with a dozen people over California.

SpaceX says Starlink Aviation will have global coverage, even in polar regions. It points out that geo-stationary satellites don't cover polar regions.

The service appears to be targeted to business jets rather than commercial carriers. SpaceX notes that aircraft types currently supported for Starlink Aviation include: ERJ-135, ERJ-145, G650, G550, Falcon 2000, G450, Challenger 300, Challenger 350, Global Express, Global 5000, Global 6000, and Global 7500. The company will update its list of supported aircraft types over time.

Read more:

Elon Musk: Starlink Aviation means internet in planes will feel the same as at home - ZDNet

Elon Musk claims that he thought his ex-girlfriend of four years, Grimes, was a simulation that he created in his brain.

Appearing on a new BBC docuseries based around Elon Musk, US author Devin Gordon told filmmakers that Grimes had repeatedly told him that the SpaceX and Tesla founder thought she was not real.

She told me repeatedly that Musk has this theory of her that shes not real - that shes a simulation who was created by him and exists in his cerebral cortex as sort of the perfect companion to him, said Devin.

Read this next: Elon Musk drops music video for his self-produced house track

Which sounds a little crazy and maybe even a little creepy, except, she agrees with it. She said she does feel like this simulation who was perfectly created for him.

Devin added that the pair both made a similar nerdy joke about a scary AI theory of the future, and that her interests are all the same as his and her music is very technologically oriented.

The author speaks about their relationship in the third episode of The Elon Musk Show, a new series on BBC that documents the billionaires rise, his power and influence, controversies, and how he became the richest man on the planet.

Read this next: Elon Musk "refused" Berghain entry, criticises the Berlin club's 'peace' sign

The show also follows Musks entrepreneurial endeavors, and touches on personal points in his life, including his relationship with Grimes from 2018 to 2022.

The pair, who have two children together, broke up earlier this year claiming that busy schedules had gotten in the way of their relationship.

Grimes recently spoke out against journalists who she claimed were stalking her and her children. To the journalists who are stalking me and trying to doxx me and my kids, she said on Twitter.

Contacting all my friends and acquaintances and even anyone I interact with on social media, she continued. It gets back to me. Leave my fucking kids alone.

Gemma Ross is Mixmag's Editorial Assistant, follow her on Twitter

Here is the original post:

Elon Musk reportedly thought Grimes was a simulation created in his brain" - Mixmag

A leading UFC lightweight contender once called out Elon Musk in the Octagon. Heres what happened after!

Beneil Dariush is not just one of the top Lightweight title contenders in UFC. He is also a family guy with a colorful imagination. And Dariush showed UFC fans exactly that after his UD win over Tony Ferguson at UFC 262.

When asked by Joe Rogan about his win, Dariush first launched into an almost mock-sympathetic statement on Marxist ideologies.

Then, on a completely different tangent and called out Elon Musk and asked him where his car was. He revealed that hed been waiting for half a year and needed the car to protect his daughter.

Clearly, Dariush went a little left field with his post-fight interview comments and left many fans in the dark. But Dariush himself was unaware of a very startling fact that he found out at the post-fight presser.

In the post-fight press conference held after UFC 262, a press attendee asked Dariush why he called out Elon Musk. Dariush explained,

December, I ordered my car. Bro, I ordered the safest car they told me, Its the best car for my pregnant wife and Im still waiting.

Elon bro, Dariush continued. Whats the deal here? You told me March. We are coming up in June. I want my car. Come on bud this is disrespect.

After Dariush was done, another press attendee asked if he was aware that Musk was his boss.

Dariush recoiled with a surprised Excuse me?

The journalist explained that the billionaire was a new member of the board of Endeavor.

However, Daruish expressed no regret saying

Im sorry but I am not sorry Elon. Im sticking with what I said. He jokingly added, Its Mr. Musk now, Not Elon.

Elon Musk did get onboard the Endeavour, an LA-based sports and entertainment conglomerate. However, after a year, he left the board. Endeavor was the only non-tech company Musk was part of.

It owns the National Hockey League and the National Football League as well as the Ultimate Fighting Championship and the Miss Universe pageant.

The company made an SEC filing on March 12 announcing Musks resignation and stating his tenure ended on June 30.

Click here for more UFC News

More:

A UFC Lightweight Title Contender Once Called Out Elon Musk in Front of Joe Rogan Only to Find Out Hes a UFC Boss! - The Sportsrush

When youre deep in among the cocktail parties and dinners or meeting up with much missed contacts at Mipcom, it might be easy to forget why youre there: the shows. To help you remember, we bring you Deadlines The Hot Ones, our guide to some of the best TV being sold in Cannes in 2022. You might have heard whispers along the Croisette about the next big global hit, and The Hot Ones is our pick of a wealth of programing, featuring some of the biggest names in television, from the top players in distribution.

Fremantle

Length: 3 x 60

Producer: 72 Films

Barely a week goes by without Elon Musk dominating the worlds media coverage.

The worlds richest man continues to intrigue the public and withThe Elon Musk Show, 72 Films, the prolific producer behind the likes ofThe Trump Showand NetflixsJimmy Savile: A Very British Horror Story, has honed in on this fascination. BAFTA Craft-winningDefending Digga Ddirector Marian Mohamed is directing with A&E in theWar Zones Jeremy Llewellyn Jones.

Fremantle is distributing the three-parter, which promises to get to the heart of who Elon Musk really is. Its set to air on the BBC next year, telling the intimate story of his journey to becoming the globes richest person and one of its most controversial.

Revealed exclusively by Deadline earlier this year,The Elon Musk Showuses extensive and unseen archive from the Tesla founders time in Silicon Valley, analyzing key moments including, most recently, the botched Twitter buyout, a saga that the producers swiftly folded into the documentary.

Angela Neillis, Fremantles SVP, Non-Scripted Content, is bullish about the shows prospects globally.

Elon Musk is undeniably fascinating, and we know that he is someone who generates a lot of media attention, she says. There are so many perceptions about Musk: Is he a tech genius? A self-important provocateur? An internet pioneer? This film delves into who the real Elon Musk is and will encourage viewers to make up their own mind about the billionaire.

Neillis is full of praise for 72 Films and thinks the indies involvement will be a boon when shopping the show to potential buyers.

Over the past few years, the company has nursed a reputation for producing thoughtful and award-winning documentaries such as BBCsRise of the Murdoch DynastyandA Dangerous Dynasty: House of Assad.

Few producers make documentaries that are as authoritative and compelling as 72, who are also known for bringing a bit of fun to their shows, she says.

Fremantle holds worldwide rights and has already struck an armful of sales across Europe and Asia, with the U.S. now the key focus, according to Neillis. She believes the shows journalistic integrity and completely universal targets will make it work on either linear or streaming platforms, many of whom will be aware of 72s reputation.

Red Bull Studios

Length: 1 x 60

Producers: Atomized Studios; Red Bull Studios

Most people will know the name Mo Farah, but virtually none will have heard of Hussein Abdi Kahin. They are, in fact, the same person, and this BBC and Red Bull Studios documentary tells the extraordinary story of how thats the case.

Farahamong Britains finest ever long-distance runners, a knight of the realm and a multiple Olympic and World championwill use the program to reveal how he was trafficked to the UK from Somaliland aged nine and forced into child labor, years before he became a beloved household name in the country.

After escaping, he had applied for British citizenship under a false name and then kept the shocking secret for more than 30 years.

We immediately knew this would be the film to lead Red Bull Studios slate of feature documentaries and unscripted series, which we will be rolling out throughout 2022 and into 2023, says Red Bull Media House Head of Partnerships and Commercial Strategy Sebastian Burkhardt.

The show documents the traumatic period when Farah, who spoke no English at the time, was forced into domestic servitude before being spotted for his incredible running talent. He visits his family village in Somaliland, where he bravely interviews his mother and twin brother.

Back in the UK, he meets several people who have kept his secret safe over the years, and returns to Londons Somali community.

Producing the film delicately, and keeping it a secret before broadcast, was objectively an incredible task, and Burkhardt notes only three people on his team knew of its content before it aired in July. BBC commissioner Emma Loach was forced to sign an NDA to just hear Atomized Studios original pitch, while Farah was talked through the potential legal ramifications of admitting his actions. Several contributors came forwards late in production, meaning editing continued until just weeks before it aired.

The resulting show performed well on BBC Two, taking 4.3 million (live +7), making it a top-five doc across all UK channels in the first half of the year. It attracted a healthy 370,000 16 to 34s and currently has 7 million views overall.

Red Bull has secured 36 deals in an initial batch of sales, meaning those interested at Mipcom should jump in quickly or risk missing out.

Abacus Media Rights

Length: 2 x 60 (1 x 90 feature also available)

Producer: BriteSpark Films

Following on from the global success of the Michael Jackson docuseriesLeaving Neverlandand the acclaim of political docFour Hours at the Capitol, Abacus Media Rights is bringing a new two-part documentary series on the life, career and alleged misdemeanors of infamous porn star Ron Jeremy to Mipcom.

TitledPorn King: The Rise & Fall of Ron Jeremy, the docuseries charts the life of Jeremy, a former leading performer in the American porn industry who successfully crossed over into the mainstream. Despite his diminutive frame, he became a porn icon who rubbed shoulders with Hollywood stars and performed in over 2,500 films. In June 2020, however, Jeremy was arrested in Los Angeles and charged with 35 counts of rape and sexual assault against 23 women.

As he awaits trial, the series digs deeper and reveals the inside story of Jeremys time in the industry with access to alleged victims, key players and archive footage.

Porn Kingfalls into this category of the shock doc space, looking at the dark side of a dark industry, says Jonathan Ford, Managing Director at Abacus. This is very much a story about a man who has walked across the boundaries of his industry and celebrity and become known as a major star: Hes appeared in everything from the SwedishCelebrity Big Brotherto Hollywood films. And while you might already think porn is a dark industry, you learn about the further abuse that was going on.

Through Jeremys story, the doc also charts how the internet has transformed the porn industry from theBoogie Nightsera of the 1980s to the contemporary world of Pornhub and OnlyFans.

Abacus holds worldwide rights on the doc, which screened on Channel 4 in the UK in August and averaged 530,000 over two nights, with further viewing likely added through streaming service All4. Sales have already been struck in the U.S., Canada, Israel and the Nordics and Abacus is next targeting key European territories, Australia, New Zealand and Latin America. The deals weve done so far have been a good mix of linear television, including some in the free environment and SVoD platforms, says Ford.

Go here to read the rest:

Elon Musk, Mo Farah And Ron Jeremy Profiles: Deadlines The Hot Ones Mipcom Docs From Fremantle, Red Bull Studios And Abacus Media Rights - Deadline

The meme king, Dogecoin was created as a joke based on Doge theme comparing the speculative movement of cryptocurrencies. In early 2021 was the time when the infamous Dogecoin got its recognition as it entered the top 10 cryptocurrency. At one time the currencys market cap was positioned for more than $88 billion.

At the time of reporting, Dogecoin has dropped by 0.72% in the last 24hrs and is trading at $0.059. The immediate resistance lies at $0.065 and the support is positioned at $0.55. Since Dogecoin is trading between $0.058 and $0.060 the volatility isnt that high.

The meme currency has experienced a week long decline pointing for a strong support near $0.055, hence indicating another plunge in the days to come.

While Dogecoin trades below a major resistance of $0.085 it is a key level to watch for now. Right now bears have stood strong against pushing the DOGE above $0.08.

Currently the Relative Strength Indicator (RSI) is reading at 45 indicating that the market is neutral. The MACD (Moving Average) is at strong sell indicating a bearish zone.

On a positive note, Dogecoins global hash rate has hit a seven-month high which is around 815 TeraHashes per second (TH/s), claims Coinwarz, a hashrate mining calculator.

This indicates there is a surge in interest rate among traders and it is mainly due to Elon Musks move to buy social media giant, Twitter. After the Elon Musk Twitter deal is closed, it is expected that Tesla CEO will make a move to implement DOGE on Twitter

As per the reports, Twitter has locked its employee stock accounts which indicates that the deal might be closed soon.

Breaking @TheTerminal with @KurtWagner8 $TWTR has frozen equity awards accounts for employees on Monday as the deadline to seal a deal with Elon Musk approaches.

The move is a signal that Twitter is marching forward with the proposed deal.

Stock up around 2%

Overall there are two important events that are expected to impact Dogecoin price majorly. One is the Twitter Elon Musk Deal that is approaching for a closure and the next is Dogecoin whale turning long-term holders suggesting that traders still believe in DOGE.

Was this writing helpful?

See more here:

Is Dogecoin Dead? Will Elon Musks This Move Bring Life To DOGE Price - Coinpedia Fintech News