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Why Did Elon Disappear From Twitter?

It's ALL Risky
It's ALL Risky
At the end of June, The Dogefather dropped off Twitter for ten days, his longest break in recent memory.
On July 1st, he popped back onto the map, tweeting an existential Sonic the Hedgehog meme and a picture with the Pope.
Let’s take a look at the circus surrounding Elon’s radio silence.

Dogefather III
Elon took a ten day break from Twitter.
His last tweet before the break, on June 21st, criticized Dish Network and Michael Dell-affiliate RS Access for trying to block SpaceX from using a range of frequency for satellite communications.
The same day, he posted a 7-11 meme before Tesla’s stock closed at $711.11.
For the next ten days he went dark, though journalist Johnna Crider interviewed him in Austin and reported he was in good spirits.
He didn’t tweet again until July 1st, when he posted a Sonic the Hedgehog meme in tribute to the YouTuber Technoblade, which he credited to his son Saxon J. Musk.
Shortly after, he tweeted a photo with four of his kids and the Pope, confirming rumors that he was traveling in Italy.
According to Vatican journalist Paolo Rodari, Elon talked with Pope Francis about technology, the birth rate, ecology, and his commitment to humanity.
It was not reported if they discussed Dogecoin.
Radio Silence
The ten day hiatus was Elon’s longest from Twitter in five years.
As Twitter’s most visible user, his absence went widely noted, and caused media to speculate increasingly breathlessly on the reason for his break.
Elon hasn’t given a reason for taking a break, except to hint that he (or perhaps everyone else) may have been feeling bored.
Elon Musk
Feeling … perhaps … a little bored?
He has encouraged social media breaks in the past, and occasionally taken them himself.
In June 2020, he took a short break from Twitter while his son was born.
More recently, on February 2nd, 2021, he tweeted “Off Twitter for a while” after the meme stock drama of the previous month.
Two days later, he broke the short silence by tweeting several times about Dogecoin, catalyzing its run from 3 cents to 69 cents.
This break coincided with a couple big happenings, including reaching 100 million followers on Twitter and his 51st birthday .
The last week in June was the end of Q2 for Tesla, which delivered 254,695 vehicles in the last three months. Tesla had its highest vehicle production figures ever in June.
SpaceX is preparing to launch Starship into orbit in July, an event of world-historic significance.
Any of these alone are reason enough to get off social media.
It may also have been the case that negotiations with Twitter’s board required him to leave the platform for a time.
Elon was recently granted access to Twitter’s data firehose to determine the influence of bots on the platform.
A ten-day break could generate sample data to compare user activity in his presence and absence, and gauge his personal impact on the site’s traffic, both human and artificial.
Whatever the reason for the Twitter vacay, it’s good to have the Dogefather back on the bird app.
Happy 51st Elon, and congrats on 100M!
Dogey Treats: News Bites
In an interview, Fed Chair Jerome Powell said, “I think we now understand better how little we understand about inflation.”
Fallout from crypto contagion continued. Voyager suspended withdrawals, 3 Arrows Capital was ordered to liquidate its holdings by a court in the British Virgin Islands, and BlockFi signed a deal with FTX. Rumors swirled about which exchanges could be next, causing KuCoin to trend.
David Mitchell Jr. posted a video dissecting Crypto.com’s decision to remove Dogecoin from its lending program, suggesting that exchanges are becoming leery of allowing people to short Dogecoin.
The SEC denied Grayscale’s bid to convert its fund into a spot Bitcoin ETF. Within an hour of the decision, Grayscale sued the SEC.
Arizona Congressional candidate Jerone Davison called on meme lords to contribute to his campaign. One of the central issues of his campaign is internet censorship, and he has argued for an Internet Bill of Rights (IBOR).
Congresswoman Mayra Flores posted a meme of Elon with the quote, “If someone wants to accomplish great things, there is no better place than the U.S.”
The Dogeclaren completed 3000 mile trip from NYC to Vancouver.
Bodega Bro, a college grad who became a cause célèbre after being fired from his job for posting an innocuous TikTok video, has been part of the #DogeArmy since the original Dogecoin Rise in February 2021.
Binance CEO CZ tweeted “We live in a simulation.” In June, Lex Fridman hosted a podcast with Donald Hoffman, author of “The Case Against Reality,” on the same subject.
Uber Eats and Doordash now support Dogecoin through BitPay.
SpaceX won FCC approval to use Starlink internet on planes, trains, and cars.
Jeff Bezos criticized President Biden’s tweet blaming inflation on gas stations. Former Doge CEO greg tweeted a parody of Biden’s tweet, asking Oreo vendors to lower prices.
FTX released an advertisement with Tom Brady using a flamethrower.
Big3’s Aliens won their second game of the season, defeating Bivouac 51-48 to improve their record to 2-1.
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DisclaimerThis 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.
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