In an email to staff, the social media firm's new. As per reports, the digital coin is still about 13 per cent off its all-time high but up around 25 per cent since the start of the year. Elon Musk has told Twitter staff that they must commit to working 'long hours at high intensity' or else leave the company, according to reports. It also touched an all-time high of $42,000 last month. Bitcoin, on the other hand, jumped over 300 per cent last year, as bigger US investors and corporations sought exposure to the cryptocurrency. Earlier, GameStop Corp, which has been at the centre of retail trading frenzy, surged 50 per cent after Musk tweet “Gamestonk”, along with a link to the Reddit Wallstreetbets stock trading discussion group. Twitter filed suit Tuesday against Elon Musk to force the billionaire to make good on his promise to purchase the company, issuing the first legal volley in what is expected to be. Musk has a record of making market-moving comments on the site. He also said that Bitcoin is on the verge of getting broader acceptance by conventional finance people and further clarified that he did not have a “strong opinion” on other cryptocurrencies. A one-word tweet by Elon Musk helped send shares of troubled video game retailer GameStop to the stratospheric high of 469.42 per share, compared with less than 20 three weeks earlier. Musk said that "Bitcoin is a good thing" and added that he was "late to the party" in backing the world's biggest cryptocurrency. Elon Musk, the CEO of SpaceX and Tesla, hopped on the GameStop bandwagon with a single tweet that said, 'Gamestonk' This post was enough to push the price of the company's stocks higher. The following day, his “support” for bitcoin had also led to a jump in its price. A lot has happened since Elon Musk completed his acquisition of Twitter last month layoffs of thousands of employees, firings of engineers critical of him and an impersonation of an. The spectacle grabs headlines after the podcast is published. Sept 2018: Musk appears on Joe Rogan’s podcast, and smokes weed with him.
Tesla’s share price promptly dropped after this now infamous tweet was sent.
Bitcoin had surged to above $38,000 on Friday after Musk changed his biography on Twitter to simply “#bitcoin”. August 2018: Elon announces on Twitter that he’s considering taking Tesla private at 420 a share. Meanwhile, Musk’s recent tweets were not the only time he moved markets on the platform in recent weeks.
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