Elon Musk Announces The News: Dogecoin Price Jumps!

Elon Musk: Twitter is grappling with garbage caused by bots and spam accounts. The social media giant has now agreed to share its dissatisfaction with the data it receives from these accounts with Elon Musk. Expectations that Elon Musk will integrate Dogecoin on Twitter are increasing the price of Dogecoin.

Twitter shares more data for Elon Musk, Dogecoin price soars

Twitter has shared more data about bots, including real-time API data. This move is likely to be enough for Musk to continue with his $44 billion buyout deal. According to sources, Musk’s lawyers claim that the data Twitter shares about daily active users is insufficient. Elon Musk needs more data as his team cannot analyze bot accounts.

Twitter will share more details about bot accounts

Elon Musk had previously warned Twitter to terminate the Twitter deal after it failed to share bot account data. However, while sharing data on daily active users and bot accounts, Twitter claimed that it has less than 5% bot accounts. A Twitter spokesperson said:

Twitter will continue to share information in collaboration with Musk to complete the transaction in accordance with the terms of the merger agreement.

Some company employees believe the constant requests for data are Elon Musk’s attempt to argue that Twitter is incompatible. Thus, Musk is pushing to buy Twitter at a lower price.

Elon Musk believes Twitter has more than 20% bot or spam accounts. Also, the claim that Twitter has less than 5% bot accounts is false. Therefore, Twitter had suspended the deal until it had a clear idea of ​​the number of these accounts. It had agreed to buy Twitter for $54.20 per share before making a broader correction in Binance. Currently, shares of the company are trading below $39. Twitter could sue Musk if Musk pulls out of the deal.

Twitter board sticks to deal

Twitter’s board is actively seeking the settlement. The board even recommended Twitter shareholders to vote and approve the acquisition deal. A special shareholders meeting will be held in July or early August to approve the deal. The new data is a stream of Tweets and user activity on the platform, which is also available to developers through Twitter’s developer platform.

Dogecoin price rises during news

The expectations that Elon Musk will integrate Dogecoin on Twitter are reflected negatively on the DOGE price after such news. At the time of writing, the Dogecoin price has been up over 5% in the last 24 hours.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.