Elon 'The Dogefather' Musk Accused of Insider Trading

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An ongoing $258 billion lawsuit by company investors now argues that Musk turning the Twitter logo to the fabled shiba inu worked to inflate the crypto price.

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The lawsuit further calls him an “apex predator, feeding on and manipulating the hordes below, including his Twitter following which has grown to 141 million.”Advertisement As to how Musk is involved in Dogecoin, the investors point to an instance in 2019 when stakeholders jokingly declared the billionaire “CEO” in an online survey, which Musk then took the ball and ran with it. He later said “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” The official dogecoin account quote tweeted Musk and joked more about him being CEO and asking him to DM the Dogecoin team.

who had trouble running basic code. He has also tweeted complaining, in part, of “billionaires manipulating markets.”

 

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