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Elon Musk announced in 2021 that SpaceX had some Bitcoin holdings following an SEC filing showing Tesla planned to purchase $1.5 billion worth of the cryptocurrency. Aerospace technology firm SpaceX reportedly sold roughly $373 million worth of Bitcoin (BTC) it acquired starting in 2021. According to an Aug. 17 report in the Wall Street Journal, SpaceX recorded $373 million worth of Bitcoin holdings on its balance sheet in 2021 and 2022, but has since sold the crypto asset. The news outlet reportedly viewed documents on the firm’s financials showing roughly $5.2 billion in total expenses for 2022, and $5.4 billion in 2021 and 2022 for acquiring property and equipment in addition to research and development costs. SpaceX CEO Elon Musk publicly announced in 2021 that the firm had acquired a certain amount of Bitcoin. This followed a U.S. Securities and Exchange Commission filing showing Tesla — another company co-founded by Musk — planned to purchase $1.5 billion worth of the crypt...

CNBC’s Mad Money host Jim Cramer said that Mark Zuckerberg’s newly launched Threads app “killed Twitter” after it received 100 million downloads in just five days. In comparison, it took Twitter nearly 17 years to achieve the 368 million active users milestone. Meta launched Threads, challenging Elon Musk’s Twitter (X) and boasting features from various apps like Facebook, Instagram, and X. Surprisingly, just a few days after Cramer said that Threads “killed Twitter”, Meta’s new app began to decline. Also Read: BRICS: U.S. Dollar Dominance May Be Coming to an End $META's Threads has the potential to be the kinder, gentler Twitter , says @jimcramer. Jim tells @carlquintanilla “game, set, match” in the latest round of Mark Zuckerberg vs. Elon Musk as $META is set to launch a Twitter competitor. pic. Twitter .com/zGJuED6Ty6 — Squawk on the Street (@SquawkStreet) July 5, 2023 Meta: Google Search For Threads ...

The battle between two of the largest entities in the tech sphere seems like it may actually be moving forward. Moreover, Twitter owner Elon Musk has said that all of the proceeds from his fight with Mark Zuckerberg will be donated to veterans. Talks of an actual fight between the two have been ongoing for several weeks now. However, it appears as though the bout may actually come to fruition. Indeed, Musk stated that he has already discussed a location with the Prime Minister of Italy and the Minister of Culture. Stating they have “agreed on an epic location.” JUST IN: Elon Musk says all proceeds from his fight against Mark Zuckerberg will be donated to veterans. — Watcher.Guru (@WatcherGuru) August 11, 2023 Also Read: UFC President Says Zuckerberg Vs. Musk at the Colosseum? Musk Zuckerberg Fight Proceeds to be Donated to Charity The beef between Elon Musk and Mark Zuckerberg has escalated in a big way over the last several months. Despite compet...

Multiple tokens adorned with the label ‘X’ emerged on various decentralized exchanges as Twitter, under the leadership of Elon Musk, initiated a transition from its recognizable blue bird emblem to an ‘X’ insignia. The first indication of this imminent shift was given by Musk in a tweet during the weekend. This was later substantiated on Sunday, July 23, by Twitter’s CEO, Linda Yaccarino. “X represents the boundless potential of a new era of engagement encompassing audio, video, messaging, and even banking transactions, shaping a worldwide forum for the exchange of thoughts, merchandise, services, and opportunities,” stated Yaccarino. “AI will be the driving force behind X, linking us in manners we are just beginning to comprehend.” The transition to X Corp began in April 2023 when Musk integrated Twitter into the newly formed corporation. Around the same period, he registered X.AI Corp., an artificial intelligence startup. Twitt...

Elon Musk’s tenure as the CEO of Twitter has been surrounded by controversy for various reasons. Against this backdrop, Musk recently announced that a new CEO would be taking over the social media giant. Today, he confirmed his plans to step down as Twitter’s chief within the next six weeks. While Musk mentioned that the next CEO would be a “she”, he did not disclose her identity. This led to a flurry of reports speculating on the potential candidate for the role. According to a recent report by the Wall Street Journal, Linda Yaccarino, who currently serves as the head of advertising at NBC Universal, has been identified as a potential candidate for the role of CEO. For starters, Yaccarino’s LinkedIn profile mentioned that she has been a longstanding executive at NBC Universal. She joined the company in 2011. Her current role is Chairperson for Global Advertising and Partnerships, indicating her extensive experience and leadership in the advertising domain within the organization. S...

Dogecoin's 2021 and 2023 price rallies have largely been sparked by Elon Musk but the latter still has much more room to run if history repeats. The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market. On April 20, DOGE is trading for as high as $0.0942, up around 94% versus the last year's bottom. But, despite its impressive rebound, its price is still 88% below its all-time high of $0.76 set in May 2021.  Thus, the DOGE/USD pair remains far from establishing a decisive bullish reversal on longer timeframes. DOGE/USD three-day price chart. Source: TradingView Dogecoin's bullish reversal ahead? Dogecoin price soared over 23,000% in 2021 primarily due to Elon Musk's vocal support. Ironically, DOGE/USD topped after Musk called it a "hustle" during his Saturday Night Live appearance in May 2021. DOGE price entered a prolonged long bearish cycle, furthered by the...

While Twitter users may be more crypto-native, that doesn’t mean they’re going to win in the NFT arena. The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030.  This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value proposition and recent events, it is evident that Instagram currently has more in its favor than Twitter when it comes to NFT integration. The value of integrating on Instagram One of the key determining factors for upholding Instagram as having more NFT potential than Twitter is its unique value proposition. When looking at Twitter’s core ...