AI sets Dogecoin price for end of 2024 after Elon Musk wins $258 billion lawsuit
Elon Musk and Tesla (NASDAQ: TSLA) have been cleared in a $258 billion lawsuit that accused them of manipulating Dogecoin (DOGE) prices. Filed in June 2022 by a group of Dogecoin investors, the lawsuit claimed that Musk orchestrated a “Dogecoin Pyramid Scheme” by promoting the meme coin on social media. The investors alleged that Musk’s tweets caused a significant spike and subsequent crash in Dogecoin’s value, leading to substantial financial losses. On August 29, 2024, U.S. District Judge Alvin Hellerstein in New York dismissed the case, ruling that the plaintiffs had mischaracterized Musk’s tweets about Dogecoin. The judge observed that Musk’s statements were “aspirational and puffery, not factual.” Picks for you BlackRock sells Bitcoin for the second time since BTC ETF launch — What’...