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This Is Why Twitter's New CEO Is A Doge
Read why Twitter's new leader is taking the company in a Dogely direction
The last 10 days have been massive for Dogecoin
At the Super Bowl, Elon wore a Doge-themed shirt and tweeted that he was talking about Dogecoin during the game.
On Valentines Day, Elon followed through on his promise from last to step down as Twitter CEO by appointing his Shiba Inu Floki to the role.
Later in the week, new evidence cropped up of progress on Twitter Coins, which will allow users to monetize their tweets.
Let’s take a look at why Floki is CEO, and what it means for the future of Twitter and Doge.
The Leader We’ve Been Waiting For
Back in December, with Twitter Elon tweeted out a poll asking if he should step down as head of Twitter. 57% of over 17 million voters said “Yes”
To be fair, it’s not known how many respondents were bots. Still, when Elon didn’t immediately replace himself, critics and haters cried foul.
Two months later, Twitter is as strong as ever. It’s trending toward profitability, keeps hitting all-time highs in user activity, and has rolled out more new features in three months than the three years before Elon took over, all despite cutting 70% of its staff.
So it came as something of a surprise when on Valentines Day Elon introduced the new CEO of Twitter.
In a subtweet, he added, “So much better than that other guy!”
The photos are a way for Elon to touch base with the Dogecoin community and show he’s still supporting Doge. Whenever Elon tweets pictures of Floki, Dogecoin tends to rally.
Last Halloween, days after taking over Twitter, he posted a photo of Floki wearing a Twitter cape next to a pumpkin. To that point, it was the strongest evidence yet that Elon planned to integrate Dogecoin with Twitter.
The latest photo drop may take the cake, though. Shortly after the first tweet, he posted another picture of Floki showing off his math chops.
A minute later, he posted a third photo with Floki sporting a Steve Jobs turtleneck and round-rimmed spectacles.
While excitement pulsed through Twitter over the company’s Dogely direction, there were lingering indications that Elon wasn’t abandoning his leadership role entirely.
Hours after the Floki pics, he spoke to the World Government Summit in Dubai over video, telling the crowd he wants to make sure Twitter is in a “financially healthy place” and “the product roadmap is clearly laid out” before finding his replacement, “probably towards the end of this year.”
In the interview, he also…
explained that he bought Twitter because social media censorship represented a threat to civilization
reiterated his long-term vision for Twitter to become “an everything app”
encouraged government officials and other leaders to “speak in their own voice” using Twitter
warned that too much coordination between governments could lead to civilizational collapse
said it is “actually a troubling thing if there are no aliens” because humanity would be the sole bearer of consciousness in the universe
Elon’s Valentines Day escapades weren’t the only bullish development for Dogecoin.
At the Super Bowl, he was spotted wearing a Rodeo Doge t-shirt from the Dogecoin.com swag store.
In response to a tweet asking what he was talking about during the game, he responded in epic fashion: “Dogecoin.”
Not surprisingly, Elon’s Super Bowl antics drew lots of attention from the Doge community.
In particular, folks noticed his guest for the big game, Lil X.
Doge at the Super Bowl is becoming a fun tradition: last year eToro featured a Shiba Inu in one of its ads. Next year would make it three for three.
Meanwhile, hints keep popping up that Doge and Twitter are converging.
On Thursday, App researcher Nima Owji posted another screenshot of Twitter’s upcoming “Coins” feature.
Coins will allow creators to monetize their tweets. The latest screenshot shows a tweet with a coin tally.
Doge is the OG tipping coin on the Internet.
When it first went viral in 2013, Reddit users tipped each other with Dogecoin to express appreciation for posts.
Now, Twitter appears to be building the same functionality for tweets.
With Floki at the helm, there’s gotta be a chance that Twitter Coins links up with Dogecoin in some way.
What do you think?
Dogey Treats: News Bites
Keanu Reeves praised crypto: “I think the principle, the ideas behind an independent currency are amazing. These are amazing tools for exchanges and distribution of resources.”
MyDoge CEO Jordan Jefferson published a thread explaining why Twitter Coins are probably not Dogecoin while arguing that Dogecoin may still be involved.
Cameron Winklevoss tweeted, “My working thesis atm is that the next bull run is going to start in the East. It will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind. It can't be stopped. That we know.”
Elon made note that Bing’s ChatGPT-integrated search refused to tell a joke about Dogecoin in the style of Dave Chappelle.
The crypto exchange OKX posted a meme suggesting Dogecoin is taking over Twitter.
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Memes of the Week
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Disclaimer: This is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
At the time of publication, Dogecoin is around $0.08 per coin.