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- 💸 Why DOGE dumped 22% this week
💸 Why DOGE dumped 22% this week
And, Tesla’s $152B meltdown (and slight bounce)
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
💸 Why DOGE dumped 22% this week
📉 Tesla’s $152B meltdown (and slight bounce)
🔮 Fintech CEOs weigh in on personality-led markets
Source : Peakpx
Elon Musk and Donald Trump are beefing. And dogecoin? It’s crashing hard. The internet’s favorite meme coin is not vibing.
🚨Breaking News:
Dogecoin fell 22% this week after Musk quit Trump’s DOGE department and the two exchanged very public insults.
⚡Wire Simplified –
Musk left the DOGE (Department of Government Efficiency), a Trump initiative.
Trump pulled his NASA pick who was Musk’s ally.
They insulted each other on X. Musk said Trump would’ve lost without him.
Tesla shares also took a hit — dropping 14%.
SpaceX said it’ll start decommissioning Dragon spacecrafts.
✔️Straight to the Point –
When billionaires fight, crypto bleeds. Dogecoin’s fate is tied more to Musk’s moods than actual market fundamentals.
🎭 Is this Musk vs Trump drama affecting your crypto trust? |
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After Elon Musk and Trump’s public spat, Tesla lost $152B in value. But premarket trading gave it a little boost.
🚨Breaking News:
Tesla dropped 14% in a single day—but bounced back 5% Friday morning, despite the ongoing Musk-Trump fallout.
⚡Wire Simplified –
Musk bashed Trump’s “beautiful” spending bill, calling it an “abomination.”
Trump said he’s “not sure” about their friendship now.
Market panicked: Tesla lost $152B and fell below $1T valuation.
Tesla rebounded 5% in premarket trading after the dust started settling.
Analysts say feud may cool off but could affect future policies.
✔️Straight to the Point –
Musk and Trump’s drama shook Tesla’s stock, but analysts still believe in Tesla’s long-term game. For now, breathe easy.
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The better AI gets at coding, the cheaper writing software will become, and the more software we'll build.
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The
— Santiago (@svpino)
11:13 AM • Jun 5, 2025
DON'T PANIC - The mass market hysteria about job loss is suddenly becoming very real
There should be no reason to panic
All you need to do is either adopt AI ASAP or pick your favorite blue-collar skill or profession to master
TBH, it's that simple.
— Bindu Reddy (@bindureddy)
2:26 PM • Jun 5, 2025
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Date: September 2025 | Location: Riyadh, Saudi Arabia
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