At least in the past we could directly blame Musk for gassing up with markets and not following through on his "promises" or rather his 'vaguely bullish' statements. This time however it seems the market is simply selling themselves dreams, based on formerly undelivered promises by Musk. There story goes as such.

On Saturday, Musk delivered a Twitter company meeting around his plan of delivering a Twitter 2.0. The meetings included data showing an increase in signups and active users on the platform as well as a slight decrease in racial slurs and profanity. More importantly, it listed features and goals like long-form tweets, encrypted DMs, and "advertising as entertainment." Twitter is also recruiting after mass layoffs and resignations.

All of this seems in line with Musk's previously shared vision of a 'superapp' or everything app like WeChat in China which offers one single app with a platform that allows users to do almost everything like taxi/transport services, shopping, social media, news etc.

Now "investors" have almost clearly made these extrapolations by themselves in their own heads as DOGE is now up almost 15% at time of writing since the company meeting yesterday. This is even though Twitter has lost many employees including their Crypto Head in the chaos over the past few weeks/months. This is such that there would be few people left who could implement the Dogecoin dreams of these investors and Twitter seems desperate to recruit new capable staff especially with these huge larger plans but even less staff than before, much less. But billionaires have never let us down before right? /s