Elon Musk visits Twitter headquarters, dogecoin pumps

Elon Musk visited Twitter on Wednesday as his plan to acquire the company nears completion.

Elon Musk pays a visit to Twitter

Elon Musk entered the headquarters wearing a sink faucet, then tweeted “Entering Twitter HQ-let that sink in“. He also changed his Twitter bio to read “Chief Twit“.

Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7

– Elon Musk (@elonmusk) October 26, 2022

Leslie Berland, Twitter’s director of marketing and chief people officer, reportedly said in an internal memo that Elon Musk “is in the [San Francisco] this week to meet people, walk the halls” and see the work of the employees.

She also said he would address Twitter employees this week. “You’ll all hear directly from him on Friday“, she wrote.

Musk’s acquisition of Twitter is expected to close imminently. Yesterday, he informed his backers that he would close the deal on Twitter by Friday, October 28.

The closing of the Twitter acquisition comes after several months of waiting. Musk’s first bid to buy Twitter was revealed in a filing on April 14. Twitter initially blocked the deal, but accepted a $44 billion offer on April 25.

Between May and June, Twitter failed to provide enough information about spam and fake accounts, and Musk officially cancelled the deal on July 8.

Later in July, Twitter obtained a lawsuit against Musk to force him to continue the agreement. That lawsuit began this month, and around October 4, Elon Musk decided to proceed with the acquisition of Twitter regardless of the outcome of the case.

It’s still unclear whether Musk’s early plans for crypto-currencies – such as Dogecoin integration and microtransactions to prevent spam – will be implemented on Twitter.

Still, the news is generating buzz in the crypto community, as DOGE is up 15 percent in the past 24 hours. With few other major events happening around crypto-currency, these gains are almost certainly due to the Twitter deal.

Dogecoin’s gains are higher than other benchmarks – Bitcoin is up just 3.0%, and the overall crypto market is up 3.3%.