Elon Musk-led Twitter Boss Announcement boosts FLOKI price, after his dog photo tweet, “The new CEO of Twitter is amazing”

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Elon Musk appears to have selected a new CEO for Twitter, months after conducting an online poll to determine whether he should continue to lead the microblogging website. The prices of the cryptocurrencies DOGE and FLOKI boosted, skyrocketed after Elon Musk tweeted a photo of his dog with the caption “The new CEO of Twitter is amazing.”

Musk stated on Twitter, “So much better than the other guy!”. After completing his US$44 billion takeover of Twitter in October, Musk succeeded Parag Agrawal as CEO. The online poll results were not directly addressed, in which 10 million Twitter users asked him to resign as CEO. Musk’s latest post suggests he may have taken their words into consideration. On Wednesday, February 15th, the billionaire revealed Twitter’s new CEO, his dog Floki. The latest venture of the business magnate has elicited a wide range of reactions on social media.

Taking to Twitter, Musk shared a photo of his pet Shiba Inu Floki against a piece of cloth depicting a skyline. The dog is dressed in a black sweater with the word CEO written across it. He can be seen sitting in an office chair, with a fake laptop with the Twitter logo and some papers with his paw print and name on the desk in front of him. “The new CEO of Twitter is amazing,” Musk wrote alongside the photo. Musk announced in December that he would step down from the position once a replacement is found. While the billionaire’s meme may not be to everyone’s taste, it did send FLOKI and DOGE prices skyrocketing. DOGE’s price has risen 5.4 percent after the tweet. Not only this, FLOKI, named after Musk’s pet, has also increased by 41%. It’s not the first time that a tweet by Musk has caused the price of DOGE cryptocurrency to skyrocket. In January 2023, its value increased after it was reported that Twitter was developing a system to accept cryptocurrency payments.

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