TWTR spiked more than 6% following the news that Elon Musk increased his personal financial commitment to the Twitter deal.
the deal on hold due to certain issues that need to be solved before officially shaking hands. He insisted that Twitter removes all fake accounts and does its best against scams that sometimes occur on the platform.disclosed that the deal might be getting closer to a conclusion. Musk increased his personal financial commitment for the acquisition to $33.5 billion while also securing an additional $6.25 billion in equity financing.
Twitter’s stocks reacted positively to the news, spiking by over 6% after hours. Later on, it declined slightly and is currently nearly 4% up from the day before.It is worth noting that the previous news about Musk-Twitter’s saga affected Dogecoin’s price, too, since the billionaire has often displayed his sympathy towards the memecoin. DOGE soared by more than 25% on the rumors that the agreement has been finalized last month.
However, this was not the case with the most recent update. DOGE is even nearly 6% down compared to its yesterday’s valuation and is trading at $0.08 .Tesla CEO’s decision to purchase Twitter has garnered the attention of many prominent individuals as some of them approved his plan.
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