It’s been a month since Elon Musk, the richest man on earth, acquired the social media platform Twitter for $44 billion. In the meantime, a large round of layoffs has already taken place in which about half of the staff has been fired. In addition, it was mainly speculation about Musk’s plans for the platform.
However, on November 27, Musk shared slides from his first major company presentation at the platform, in which he outlined a picture of “Twitter 2.0 – The Everything App.” He also outlined Twitter’s recent performance since taking over the company.
Slides from my Twitter company talk pic.twitter.com/8LLXrwylta
— Elon Musk (@elonmusk) November 27, 2022
For example, Twitter has a reached all-time high in new user signups and user active minutes, which were up 86% and 30% respectively last week compared to the same seven-day period in 2021.
Plans from Twitter
The new Twitter CEO mentioned in his plans “advertising as entertainment”, “video”, “encrypted DMs”, “relaunch of Blue verified‘ and ‘payments’. With the relaunch of Blue verified, users can get themselves verified for an amount of USD 8 per month, which should, for example, tackle the spam problem.
The word ‘payments’ in the last slide of the presentation is a very important and interesting point. Earlier you could read in the altcoin news that Twitter had registered itself as a payment company with the American FinCEN. This would give Twitter the ability to manage funds and process payments for customers.
Dogecoin integration?
Without Elon Musk having referred to dogecoin (DOGE) anywhere, he was able to prove once again how much influence he has on the price of DOGE. Investors are hopeful that DOGE will be integrated into Twitter’s payment options. No mention has been made of the implementation of crypto so far, so the integration of dogecoin or possibly bitcoin (BTC) via the Lightning Network remains pure speculation.
This speculation has caused DOGE’s share price to skyrocket. According to data from CoinGecko DOGE’s share price rose 19.4% from $0.089 to $0.107 in hours after Elon Musk shared the presentation. At the time of writing, however, the price has dropped again to $0.095.