Twitter boss Elon Musk, who is a Dogecoin fan, has announced that he will be stepping down as CEO. Due to Dogecoin posts on Twitter and interest in the meme coin, Musk’s actions naturally affect the price of DOGE. That’s why Musk’s latest move also caused a jolt for the meme coin.
Musk steps down as Twitter CEO, DOGE took a dive!
cryptocoin.com As you follow, Elon Musk’s Twitter acquisition process was quite eventful. Elon Musk, who entered the building with his sink after the social media giant’s official purchase, made a serious liquidation in Twitter’s staff after he sat on the couch. In addition, he also left his mark on Twitter applications by changing everything about the past. The paid blue tick was among the most recent and most talked about.
All these changes caused Elon Musk to take the lightning. The voices of those who wanted Musk to leave Twitter alone began to increase. In this context, Elon Musk conducted a survey about leaving the Twitter CEO. Uninterestingly, the result of this survey was that he ‘resigned’. Although time has passed since this survey, Musk was giving signs that he would leave the CEO position. Today, MUSK announced that you will resign from your CEO position. In line with this, he declared that the new CEO of Twitter will be a woman, with “she”, although he did not give a name in his post:
I’m excited to announce that I’ve hired a new CEO for X/Twitter. He will be up and running in about 6 weeks! My role will evolve to be chief executive and CTO overseeing product, software and systems administrators.
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!
My role will transition to being exec chair & CTO, overseeing product, software & sysops.
— Elon Musk (@elonmusk) May 11, 2023
Elon Musk’s ties to Dogecoin are well known. That’s why his decision to step down as Twitter CEO gave DOGE a jolt. Meme coin visited below $0.07 after the announcement. Rebounding later, DOGE is changing hands at $0.0708, down 4.1% on a daily basis, at press time.
DOGE 1-day price chart / Source: CoinMarketCapElon Musk, new changes on Twitter
Recently, Elon Musk outlined the CEO’s plans to increase the communication capabilities in the social media service. In this context, he said Twitter will launch encrypted direct messages on Wednesday. In a tweet late Tuesday, Musk noted that the latest version of the Twitter app includes changes to direct messages or DMs, which are non-public messages that users send to each other.
The CEO stated that users can now reply to any message in a DM thread, not just the most recent message, and use any emoji to react to a message. Previously, users could only reply to the latest message in a DM thread and only react with certain emojis. Musk also announced that encrypted DMs should be “released” on Wednesday.
With latest version of app, you can DM reply to any message in the thread (not just most recent) and use any emoji reaction.
Release of encrypted DMs V1.0 should happen tomorrow. This will grow in sophistication rapidly. The acid test is that I could not see your DMs even if…
— Elon Musk (@elonmusk) May 9, 2023
