Elon Tesla, CEO of Tesla and SpaceX purchased a 9.2% share in Twitter and was soon appointed to the board. The billionaire presented several proposals to the social media giant’s paid subscribe plan. One of these propositions involves the implementation of Dogecoin payments.

  • As reported by CryptoPotato earlier this month, Musk filed documents with the Securities and Exchange Commission showing that he purchased over 70 million Twitter shares, making him one of the two largest TWTR stockholders.
  • Days later, news broke that the billionaire became a board member and suggested “significant improvements” for the platform. Parag Agrawal, CEO of Twitter, welcomed the decision and said Musk would bring “great value to the board.”
  • Musk quickly presented several proposals. In a series of tweets, he suggested that the subscription price should be lowered from $3 to $2 per month but paid 12 months upfront under certain conditions.

Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam

— Elon Musk (@elonmusk) April 10, 2022

  • He also desires that the pricing be “proportionately affordable and in the local currency,” and that all subscribers are free from ads.
  • Lastly, Musk proposed the addition of Dogecoin as a payment method. He is undoubtedly the most prominent supporter of the first ever memecoin and has been a strong advocate for the asset for many years.
  • Aside from being a DOGE investor, Musk has taken every opportunity to praise the cryptocurrency and even one of the companies he runs – Tesla – accepts Dogecoin payments.
  • So far, however, the Twitter officials have not responded.

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