{"id":608416,"date":"2023-02-15T23:49:13","date_gmt":"2023-02-16T05:49:13","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/15\/elon-musk-plans-for-twitter-ceo-successor-dogecoin-and-friends-make-gains\/"},"modified":"2023-02-15T23:49:13","modified_gmt":"2023-02-16T05:49:13","slug":"elon-musk-plans-for-twitter-ceo-successor-dogecoin-and-friends-make-gains","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/15\/elon-musk-plans-for-twitter-ceo-successor-dogecoin-and-friends-make-gains\/","title":{"rendered":"Elon Musk Plans for Twitter CEO Successor, Dogecoin and \u2018Friends\u2019 Make Gains"},"content":{"rendered":"
\n

Elon Musk confirmed that he would bring on a new CEO to replace him after this year. After posting a funny tweet surrounding the news, the prices of DOGE and FLOKI started pumping.<\/strong><\/p>\n

The billionaire was cited by\u00a0Bloomberg<\/a>, which confirmed that Musk would remain in charge of Twitter for the remainder of 2023 before turning over control of the microblogging platform to a new CEO.<\/p>\n

Musk stated at the World Government Summit in Dubai that he must stabilize the company, make sure it\u2019s financially sound, and ensure the product roadmap is well-defined.<\/p>\n

\u201cI\u2019m guessing toward the end of this year should be a good timing to find someone else to run the company,\u201d the Tesla chief said. \u201cI think it should be in stable condition around the end of this year.\u201d<\/p>\n

Twitter is for the Dogs<\/h2>\n

Meanwhile, Musk took to Twitter to reveal the face of the new CEO, tweeting a meme of a Shiba Inu dog as the new executive.<\/p>\n

<\/figure>\n

As a result, dog-themed \u2018meme coins\u2019 recorded gains in the crypto market. Dogecoin<\/a> gained over 6% in the last 24 hours after closing the week with comparative losses.<\/p>\n

Dogecoin peer Shiba Inu (SHIB<\/a>) also gained around 5% in the past day after losing value in the previous week. FLOKI, another similar asset, recorded the highest gains in the period, adding nearly 43% after falling 7.7% last week.<\/p>\n

\"One
FLOKI\/USD 1D Chart by CoinGecko<\/a><\/figcaption><\/figure>\n

Memecoin Community Remains Optimistic<\/h2>\n

Elon Musk officially closed\u00a0the Twitter deal<\/a>\u00a0on Oct. 27 of last year. Since taking over, he has made several references to integrating cryptocurrency payments onto the platform. Given the \u2018DogeFather\u2019s\u2019 prior connection to the memecoin,\u00a0rumors have<\/a>\u00a0permeated the market ever since.<\/p>\n

Musk has previously revealed owning Bitcoin<\/a>, Ethereum<\/a>, and Dogecoin as part of his personal portfolio. However, SHIB and FLOKI weren\u2019t included.<\/p>\n

But with another year under Musk, the memecoin community continues to show signs of optimism. At the same time, Musk has responded to criticisms of poor leadership.<\/p>\n

He responded, \u201cTesla went through some very difficult times where it was on the ragged edge of survival.\u201d It requires much less work to operate Tesla now versus the 2017 to 2019 timeframe.\u201d<\/p>\n

At the time of press, Musk is the CEO of Tesla, Twitter, and Space Exploration Technologies Corp. He called Twitter \u201cstill somewhat of a startup in reverse.\u201d\u00a0<\/p>\n

He reiterated that there is still a lot of work to put Twitter in a \u201cstable position.\u201d<\/p>\n

\n

Disclaimer<\/h3>\n

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.<\/p>\n<\/div><\/div>\n

Read More<\/a>
\n Shraddha Sharma<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk confirmed that he would bring on a new CEO to replace him after this year. After posting a funny tweet surrounding the news, the prices of DOGE and FLOKI started pumping. The billionaire was cited by\u00a0Bloomberg, which confirmed that Musk would remain in charge of Twitter for the remainder of 2023 before turning<\/p>\n","protected":false},"author":1,"featured_media":608417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[974,687],"tags":[],"class_list":{"0":"post-608416","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-plans","8":"category-twitter"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/608416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=608416"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/608416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/608417"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=608416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=608416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=608416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}