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/biz/ - Business & Finance

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55369161 No.55369161 [Reply] [Original]

Elon Musk has a $258,000,000,000(lol) lawsuit against him claiming he has been insider trading Dogecoin. The plaintiff, Keith Johnson, claims that Musk has Doge wallets linked to transactions made between April 3 and April 6. The specified period is the time when Musk changed Twitter's logo to that of Dogecoin.

https://www.ibtimes.com/elon-musks-lawyer-refutes-fud-surrounding-his-clients-ownership-pump-dump-doge-wallets-3700591

Elon claimed early on his interest in Doge came from his employees at Tesla and SpaceX who were invested in the meme coin and told him about it.

https://www.cnbc.com/2021/10/25/elon-musk-on-his-crypto-portfolio-and-why-he-supports-dogecoin.html#:~:text=On%20Sunday%2C%20he%20explained%20why%20he%20supports%20dogecoin%2C,building%20rockets%20at%20SpaceX%20own%20Doge%2C”%20Musk%20said.

Musk tweeted about Doge as early as 2019.

https://twitter.com/elonmusk/status/1113173498384441344?s=46&t=cQ6O33Ll1radKoOcyvyJfA

Later in a tweet in 2021 he claimed to own Bitcoin, ETH and Doge.

https://twitter.com/elonmusk/status/1452334458066149377?s=46&t=cQ6O33Ll1radKoOcyvyJfA

From what I understand it is not against the law to show enthusiasm for something you’re invested in. But it is illegal if you are having said enthusiasm based on knowledge of a known upcoming price shift.

Can anyone more knowledgeable on the situation enlighten me on where this is headed?

>> No.55369167

>>55369161
>Can anyone more knowledgeable on the situation enlighten me on where this is headed?
nowhere

>> No.55369177

He promoted a ponzi scheme and he is going to be found guilty.

>> No.55369232
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55369232

>>55369177
Explain please.

>> No.55369253

>>55369232
Musk fucked with the wrong people and is going down for it. It's all political, musk is not well liked and like all ponzi promoters before him he gets fucked. He csn be happy if it's just his reputation ruined

>> No.55369260

>>55369253
Why do you describe Doge as a Ponzi?

>> No.55369272

>>55369260
Because it is a ponzi. Like the rest of crypto as well

>> No.55369273
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55369273

>>55369260
Every coin except BTC was made to funnel money from of retards

>> No.55369283

>>55369273
Btc as well, and if the story is going to fit, musk being ruined in court and the etfs rejected should be enough to finally kill cryptos reputation for good while it is regulated. No more fiat flows. Tech junkies can play with it as long as they follow the rules and no more pumps to attract suckers to scam them, with no more predators to feast on it and be a danger to the USD

>> No.55369290
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55369290

>>55369273
How?

>> No.55369400

>>55369161
Dogecoin is not a company.
Saying the word "dogecoin" is freedom of speech.
God bless burgstanis ordering heroin laced fentanyl with perfect Ebonics but he'll be laughed out of court.

>> No.55369412

>>55369400
They have a bunch of developers the ponzi has a creator and elon publicly promoted it. It's done for the retarded genx scammer

>> No.55369418

>>55369273
Monero is cool too, tho.

>> No.55369434

>>55369418
You think monero wasn't just to enrich spagni and other scammers? Speak of retarded

>> No.55369513
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55369513

>>55369412
>The initial lawsuit was filed in June 2022, prior to Musk assuming the CEO role at Twitter, but has since undergone multiple amendments to reflect his subsequent actions. The third amended case file stated that the investors seek to include allegations of insider trading by Musk and argue that Dogecoin should be classified as a security.
So you're telling me this nibba has tried multiple times and failed and is trying a different angle? And is hiding behind "the working class blue collar american", to win...how much in retainer?

Check'em, your honor.

>> No.55369589

>>55369513
He is not well liked, there is an all out war against crypto, the client of a bunch of boomer funds and banks have been pressured to create hype for them to exit on liquidity by retail idiots, while a blue collar dude gets the right arguments to bring down an enemy. Story fits, has some nice thriller touch. Could work.

>> No.55369621

>>55369589
Why do you think there is a war against crypto? Is it the obvious reason? To replace banks and give people more power over their monetary worth? Or something different?

>> No.55369644

>>55369621
You just don't go out as a 1 trillion pog industry and declare war on the dollar without consequences. Especially not when the industry goal is ironically getting more dollar and all that in time when the dollar is under pressure, those are interests one doesn't fuck with. But it's a good thing. Who knows, maybe putting down the scum making it hard to impossible to launch scams to steal dollars out of pockets brings the industry back to its senses

>> No.55369675

>>55369644
extremely low iq

>> No.55369754

>>55369644
extremely low literacy

>> No.55370391

>>55369161
>Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge,” Musk said. “They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge — it felt like the people’s crypto.”

Ouch. So he shilled DOGE, because lots of jeets owned it? Makes sense. Jeets suck Elon Musk dick the hardest.

>> No.55370601

just buy and sell and take profit at a dollar

>> No.55370900
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55370900

And what would happen if now "mysteriously" the price of doge begins to rise up to .. $0.30-40 and the vast majority of plaintiffs cancel their lawsuit?

>> No.55370910

>>55369675
>>55369754
What is crypto else? Oh you mean niggers paying with repackaged us treasury bonds?

>> No.55371214

>>55369161
so if he puts up a DOGE logo for a day it's a ponzi, but if a corporation puts up a rainbow fag flag it's not even considered propaganda. i see how it works.

>> No.55371371
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55371371

Musk really shouldn't have put that logo up for a day. He should have kept it permanently and rebranded twitter into a website called dogpost, with a dog taking a shit on a lawn icon.

Of course Elon won't do that because he is attempting to play the righteous guy with a little snarky attitude, however he should really consider not tease investors with a "joke". That's something I learned a long time ago in marketing and sales.

However causing your customers to become irritable can also drive an effect for your customers to become impatient as well, perhaps even compulsive when it comes to making a decision when it comes to purchasing.

>> No.55371547

>>55371371
bro it pumps to a dollar, everyone shuts their fucking asses up. that's how it will go.

>> No.55371619

>>55371547

I wasn't particularly excited about the coin price as it only moved 5% or 10% + or - during that time.

I was more unsettled with the fact he didn't keep doge at the twitter icon.

>> No.55371706

>>55371214
You really don't get the extend of how much politics plays into this. Typical private sector retard; unable to see macros. Musk has no allies

>> No.55373021

>>55370900
I could happen any day now.

>> No.55373038

>>55369161
>insider trading
So he's the CEO of dogecoin then?