10/29/2022 | Barron's

Dogecoin Is a Big Winner in Elon Musk’s Twitter Deal. What It Means for Crypto.

Dogecoin Is a Big Winner in Elon Musk’s Twitter Deal. What It Means for Crypto.

Twitter shareholders can breathe easy now that Elon Musk has taken the company private. Dogecoin owners may be even more thrilled since the cryptocurrency could get a new lease on life through the social-media platform.

Twitter shares rose less than 8% between Monday and Thursday’s close, before the stock was suspended in New York upon the completion of Musk’s takeover.