Twitter users were surprised this Monday with the exchange of the social network symbol for the Dogecoin cryptocurrency dog. Elon Musk said he was responding to a suggestion he received in March 2022, when he had not yet proposed to buy the social network.
The image change caused the cryptocurrency’s value to rise from about 8 to 10 cents on the dollar, a 27% increase, according to Yahoo! Finance.
On his Twitter profile, Musk shared an old comment from a follower. When asked if it was necessary to create a new social network, the user replied: “Just buy Twitter and change the bird logo to the doge”. The businessman thought the idea was funny.
Musk will be sued by US investors in three years tweet published on his account about the Dogecoin currency, accused of creating a pyramid scheme to boost the appreciation of the cryptocurrency, which harmed other people.
The magnate asked the Manhattan Federal Court to dismiss the $236 billion lawsuit, which his lawyers and the electric car company Tesla classify as “fantasy, fictional work” about the “tweet harmless and often foolish” Musk on Dogecoin.
you tweet of Musk on Dogecoin caused the value of the cryptocurrency to skyrocket in the past and fall soon after, drawing the attention of regulatory authorities. The businessman’s lawyers say that “there is no way to support the allegation of fraud because of the messages published on Twitter”.
“There’s nothing illegal about it tweet messages of support or funny images about a legit cryptocurrency that is still worth more than $10 billion [9.1 mil milhões de euros]The message continues to refer that the process is “a fantasy”.
Source: DN
