Over the past couple of years, the hype around cryptocurrency has increased rapidly. Cryptocurrency is being viewed as the future of finance with the potential of revolutionizing the world’s daily operations.

On December 14, 2021, Tesla CEO Elon Musk tweeted he would accept Dogecoin as payment when purchasing select items from the Tesla merchandise store. The announcement by Musk caused the value of Dogecoin to increase by 20%.

Elon Musk allegedly violated one of the agreements in a pending securities lawsuit from 2018. According to the SEC, the co-founder of Tesla used his Twitter to provide financial information about the company that caused Tesla stock to increase.

Due to the pandemic, Hertz filed for bankruptcy. Less than four months after coming out of bankruptcy, they announced a deal with Tesla. The deal with Tesla will include 100,000 Model 3s, which will be shipped to Hertz by the end of 2022.

The social media outage between Facebook, Instagram, and WhatsApp turned out to be a wake-up call for numerous small business owners. Many small business owners are choosing not to heavily rely solely on social media to serve their customers and set up other forms of connectivity like a business website and email list.