Musk Not Joining Twitter’s Board But Wants 'Significant Improvements', Teases DOGE Payments Integration
Categories: Crypto News US
Shortly after purchasing a 9.2% stake in Twitter, Tesla’s CEO Elon Musk has announced that he is hoping to pave the way for “significant improvements” to the social media platform “in the coming months,” and possibly for the integration of dogecoin (DOGE) payments for premium services.
This could potentially stimulate the demand for the meme coin which counts Musk as one of its leading promoters. The development came shortly before Parag Agrawal, CEO of Twitter, disclosed that Musk had decided not to join the company’s board of directors.
This said, the entrepreneur’s recent series of tweets suggests Musk intends to shape the company’s future development as a shareholder, and that he has a number of ideas on how the social media platform could improve its functionalities and lure more users to its various services.
The entrepreneur has proven his capacity to trigger rallies, or in many cases sharp declines, in the prices of cryptoassets such as bitcoin (BTC) and DOGE with his various announcements. Last December, DOGE’s price skyrocketed after Musk declared that his company “will make some merch buyable” with the meme coin.
- The tycoon Chief of Tesla and SpaceX — who uncovered for the current week that he possesses 9.2% of Twitter — is a productive Twitter client, frequently moving business sectors with his tweets.
- He was delegated to Twitter's governing body on Tuesday and said he anticipated working with the board to make "critical enhancements to Twitter before long."
- Sent off in June last year, Twitter Blue is the virtual entertainment goliath's most memorable membership administration for those ready to pay for elite admittance to exceptional highlights.
The fix include allows endorsers of progress their tweet before it goes live. It's anything but an alter highlight, which Twitter clients have frequently mentioned. "It's anything but an alter button, yet an opportunity to review and reconsider your Tweet before it's presented for the world on see," the organization has said.