- Elon Musk buys undisclosed stake in Lovin Dubai for $100 million
- Lovin Dubai is a information, tradition and way of life model within the Center East area.
- Khaleej Instances claimed that the alleged deal was an April 1 report.
In keeping with an official report, Elon Musk for 100 million The acquisition is Musk’s first regional media enterprise since shopping for Twitter final yr for $44 billion.
Notably, Lovin Dubai is a information, tradition and way of life model masking native information within the Center East area. in 2022 the corporate earned greater than 7.2 million USD and final yr noticed one billion video views on the web site and social profiles.
The report additionally claims that Musk described Lovin’ Dubai as “the funniest, most influential media model the world has ever heard” on the latest Dubai Summit.
Opposite to Lovin Dubai’s official report, well-known UAE media home Khaleej Instances claimed that the alleged acquisition deal was only a media stunt for the April 1st celebration.
Itemizing Lovin Dubai’s report on problem three, Khaleej Instances wrote:
Right now, April 1st, in style manufacturers within the UAE have as soon as once more give you their very own distinctive methods to make the residents giggle. From launching new merchandise to repurposing outdated merchandise, we had a blast coming throughout these intelligent pranks that took social media by storm.
Earlier this yr, Musk reaffirmed his promise to “have a scrumptious meal on reside TV” if McDonald’s accepted the meme token (DOGE). Musk confirmed the deal remains to be in place in a tweet from McDonald’s.
— Elon Musk (@elonmusk) March 2023 January 27
Notably, the billionaire proprietor of Twitter has been a staunch supporter of the Dogecoin meme.
The put up Elon Musk Buys Lovin Dubai Stake For $100 Million: The Report appeared first on Coin Version.
See the unique CoinEdition
