![]() This court should put a stop to plaintiffs’ fantasy and dismiss the complaint. ![]() “Plaintiffs have had multiple opportunities to adequately plead their claims, but they are still unable to articulate any actionable theory. Payments in dogecoin went live on Tesla’s website soon after, with items such as an electric quad bike for kids priced at 12,020 doge (2,368 £1,735) for those with more modest budgets a. WSBChairman tweeted twice in response, first telling Musk to just buy Twitter and then and change the bird logo to a doge. “here is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion,” the filing said. Following a poll Musk ran in March 2022 about free speech maximalism on Twitter, Musk asked his users if a new platform, an alternative to Twitter, was needed. Musk hinted at Twitter’s financial troubles saying, I acquired the world’s largest non-profit for 44 billion. The timing of Twitter’s icon change to the Doge suggests that Musk is trolling the litigants.Īmong other things, the plaintiffs who sued Musk - seeking an eye-popping $258 billion in damages - pointed to his hosting gig on “SNL,” where on Weekend Update he portrayed a fake financial expert who called Dogecoin a “hustle.”Īccording to the filing by Musk’s lawyers, the plaintiffs in the case have not shown how Musk’s statements in favor of Dogecoin defrauded anyone nor have they explained what risks Musk is alleged to have hidden from investors. Musk’s legal team filed a motion on Friday, March 31, to have the lawsuit dismissed. As verified Twitter users braced for the Elon Musk run social media company to begin removing verification badges en masse over the weekend, the Twitter product team appeared focused on. District Court for the Southern District of New York accusing him of engaging in racketeering by promoting Dogecoin. What is not meant to be a joke: In June 2022, Musk was on the receiving end of a lawsuit filed in the U.S. SEE ALSO: Elon Musk’s Twitter Updates Verified User Descriptions so You Can’t Tell Who Paid for a Blue Check-Mark Anymore Elon Musk bought Twitter for a preposterous 43 billion and things. The internet reacted with jokes and by laughing at the weird decision. Elon Musks Twitter has replaced the bird icon with the dog of. Elon Musk had Twitters logo swapped out for Doge. The results show multiple bubble episodes. What should be done?,” had responded, “just buy twitter… and change the bird logo to a doge.” Musk responded, “Haha that would sickkk.” Twitter replaced its bird icon with Dogecoins dog and no one really knows why. We detect episodes of price explosivity and collapse in Bitcoin and its contender Dogecoin using four-hourly data. By way of explaining the Doge logo change on Twitter, Musk, currently the world’s second-richest individual, posted a tweet Monday that said, “As promised” - with a screenshot of an exchange he had in March 2022 with a Twitter user who goes by Musk tweeted in March 2022, prior to mounting his eventually successful bid to buy Twitter, “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.
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