Elon’s Dogecoin dog icon replaced the Twitter bird icon because he’s being sued for $258 billion for helping create a Ponzi scheme around the now DEAD crypto coin that lost $80 Billion.
It’s a solidarity move to all the people he suckered into buying the fake token, a “fuck you” to the courts and people suing him, and he owns it all, so why not?
Reuters: Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. The investors’ lawyer, Evan Spencer, said in an email: “We are more confident than ever that our case will be successful.”
Investors accused Musk, the world’s second-richest person according to Forbes, of deliberately driving up Dogecoin’s price more than 36,000% over two years and then letting it crash.
They said this generated billions of dollars of profit at other Dogecoin investors’ expense, even as Musk knew the currency lacked intrinsic value.
Investors also pointed to Musk’s appearance on a “Weekend Update” segment of NBC’s “Saturday Night Live” where, portraying a fictitious financial expert, he called Dogecoin “a hustle.”
The $258 billion damages figure is triple the estimated decline in Dogecoin’s market value in the 13 months before the lawsuit was filed.
It’s been another shit week for Twitter and Elmo.
He royally fucked up the Blue sub plan to remove all legacy accounts after LeBron James complained.
Blue subscribers (bots and all) now get preferential treatment, boosting into timelines of accounts no one follows as he tries to force subs into his “Pay me or fuck off” model defeating the entire purpose of following people/having an account in the first place.
You can no longer see who RT’d your stuff, AND he’s being sued for BILLIONS ($258) by investors who allege Elon Pumped Fake crypto “Dogecoin” before dumping it, leaving them all broke for following Elon into his crypto rabbit hole.
VOX: No, your Following timeline isn’t suddenly being run by the algorithm behind the “For You” one. Twitter has simply stopped labeling retweets. Previously, when someone you followed retweeted something, the tweet would have a note above it saying who was responsible for it showing up on your timeline. Now, that label seems to have vanished on the web, so the tweets look exactly like the ones from the people you follow.
The retweet label is MIA on the timeline, but it’s there when you click on a tweet.
If you click into the tweet, the retweet label shows back up, and if you try to reply to it, it’ll still tag the person who retweeted it. That functionality still being around, and the fact that the labels are still there on the timeline in the iOS and Android apps, as well as TweetDeck, makes this seem more like a bug than an intentional change.
As for the Doge icon showing up on the loading screen and in the upper left corner of the web UI, it’s hard to say how that could be a bug unless it’s just an April Fools’ day joke that showed up two days late. CEO Elon Musk has been a noted booster of the Dogecoin cryptocurrency and has, at times, let people buy certain pieces of Tesla merch with the meme coin. Of course, the value of Doge has spiked since the dog took over Twitter, going from under 8 cents to almost 9 cents.
Of course, adding the Dogecoin dog spiked the coin’s value. Speculation drives crypto prices, and now every Elmo fanboy and crypto bro thinks Doge will be Twitter’s new currency. Elmo’s issue? Crypto IS a Ponzi scheme, and there are ZERO assets to say otherwise other than the coin’s owners and their proxies. Elmo is a proxy of the Ponzi scheme, just like every moron who thought FTX was real (Tom Brady, Kevin O’Leary) and settled their issues with US authorities through plea deals and payouts.
Elmo is pushing Dogetoday to create the perception of legitimacy and troll investors who lost their shirts based on his financial advice. At the same time, he was profit-taking on the other side – treating his speculation of the Ponzi scheme like an ATM.
There’s a reason news about Elmo’s Dogecoin racketeering is sparse on Twitter. Several legit news posts about it come with graphic warnings, but it’s almost impossible to find any news that doesn’t include a rebuttal to toss the loss suit or claim of Elon’s innocence. Anything negative about Elmo, Twitter, Tesla, SpaceX, ETC, gets suppressed.
Everything experts like Kara Swisher said Elon would do when he bought Twitter is coming true, but the butterfly effect is pure Schadenfreude. A fake crypto pump and dump might be the thing that turns out the lights at Twitter, and I’m ok with it.
It’s a matter of time before Twitter stops working, and it looks like Myspace. But you can buy fake money, so that’ll be cool.
