Twitter replaces logo with DOGE, to the moon?
3-Apr-23 3:42pm
#1 MrBean
Here we go again ... please just let me get out ... please! haha
https://decrypt.co/1...
https://twitter.com/...
#1 MrBean
Here we go again ... please just let me get out ... please! haha
https://decrypt.co/1...
https://twitter.com/...
3-Apr-23 4:55pm
#3 sinnie
lol at this point whatever Musk attaches to himself is going to fail I feel like. He is so obnoxious.
#3 sinnie
lol at this point whatever Musk attaches to himself is going to fail I feel like. He is so obnoxious.
3-Apr-23 6:07pm
#4 MrBean
sinnie wrote:
lol at this point whatever Musk attaches to himself is going to fail I feel like. He is so obnoxious.
Agreed. He's losing so much credibility and face anymore from where he was. He was admired and respected by many and just kept screwing up his image.
The hype on this has died but it's still chugging along. He helped it at first, and ultimately ruined it. This felt like it may get it back to $.20, which is where I'd bail.
Lesson learned, don't buy a meme stock, while drinking, and buy while it's rising (oh that SNL night still hurts).
#4 MrBean
sinnie wrote:
lol at this point whatever Musk attaches to himself is going to fail I feel like. He is so obnoxious.
Agreed. He's losing so much credibility and face anymore from where he was. He was admired and respected by many and just kept screwing up his image.
The hype on this has died but it's still chugging along. He helped it at first, and ultimately ruined it. This felt like it may get it back to $.20, which is where I'd bail.
Lesson learned, don't buy a meme stock, while drinking, and buy while it's rising (oh that SNL night still hurts).
3-Apr-23 6:48pm
#5 sinnie
I feel like ANYTHING he does with ANY stock should be investigated to be honest (when he promotes it I mean.) He's just trying to fire things up to cause chaos and potentially create hype to make some money. It'd be nice if all crypto had some gains so we could at least break even. I'm still down about $500 and refuse to sell. It's not a loss until you sell! or until it disappears, lol.
#5 sinnie
I feel like ANYTHING he does with ANY stock should be investigated to be honest (when he promotes it I mean.) He's just trying to fire things up to cause chaos and potentially create hype to make some money. It'd be nice if all crypto had some gains so we could at least break even. I'm still down about $500 and refuse to sell. It's not a loss until you sell! or until it disappears, lol.
4-Apr-23 11:46am
#6 Foxhack
Him doing this is hilarious because HE'S BEING SUED FOR ALLEGEDLY RUNNING A PYRAMID SCHEME TO MAKE MONEY WITH DOGECOIN.
https://www.reuters....
Like, how does doing the thing he's being sued for help his case?
#6 Foxhack
Him doing this is hilarious because HE'S BEING SUED FOR ALLEGEDLY RUNNING A PYRAMID SCHEME TO MAKE MONEY WITH DOGECOIN.
https://www.reuters....
Like, how does doing the thing he's being sued for help his case?
4-Apr-23 1:12pm
#7 John
Because his whole defense, in that case, is that he didn't do anything wrong at all with Doge. So, him continuing to do that actually kinda supports that argument.
He's been joking about Doge stuff forever. He continues to do it.
I'm not a fan of Musk and I feel like he's really screwed up with Twitter and is being a bit of an idiot about it -- but I actually agree with him on this Dogecoin case. Those suing him really have nothing other than him "promoting" it with jokes and other little things. And their case relies on Dogecoin being a "pyramid scheme". To prove that were true, you'd have to argue that pretty much ALL crypto is a pyramid scheme. And, sure, some may feel that way -- but it isn't going to be proven in court or, if it WAS, then that means that everyone who has ever mentioned/"promoted" ANY crypto coin was "promoting a pyramid scheme." Again, that just isn't going to happen in court.
Musk is asking for the case to be dismissed because they can't show any intention to defraud. So, him continuing to do these sorts of things actually likely adds something to his argument -- that, again, none of this means anything and he isn't "promoting" it for any nefarious purposes.
#7 John
Because his whole defense, in that case, is that he didn't do anything wrong at all with Doge. So, him continuing to do that actually kinda supports that argument.
He's been joking about Doge stuff forever. He continues to do it.
I'm not a fan of Musk and I feel like he's really screwed up with Twitter and is being a bit of an idiot about it -- but I actually agree with him on this Dogecoin case. Those suing him really have nothing other than him "promoting" it with jokes and other little things. And their case relies on Dogecoin being a "pyramid scheme". To prove that were true, you'd have to argue that pretty much ALL crypto is a pyramid scheme. And, sure, some may feel that way -- but it isn't going to be proven in court or, if it WAS, then that means that everyone who has ever mentioned/"promoted" ANY crypto coin was "promoting a pyramid scheme." Again, that just isn't going to happen in court.
Musk is asking for the case to be dismissed because they can't show any intention to defraud. So, him continuing to do these sorts of things actually likely adds something to his argument -- that, again, none of this means anything and he isn't "promoting" it for any nefarious purposes.
4-Apr-23 1:13pm
#8 John
I mean, heck, they couldn't get anything on him for actually talking about Tesla inappropriately with his talk about securing funding to take it private. THAT actually looked like some real manipulation possibly. If they can't even get him on THAT sort of talking, they certainly won't on Dogecoin jokes and memes.
#8 John
I mean, heck, they couldn't get anything on him for actually talking about Tesla inappropriately with his talk about securing funding to take it private. THAT actually looked like some real manipulation possibly. If they can't even get him on THAT sort of talking, they certainly won't on Dogecoin jokes and memes.
4-Apr-23 11:09pm
#9 Foxhack
How is "using a website he owns to make the price of a fake currency go up so he makes money" not the definition of market manipulation?
That's the big deal here: He's using his platform to do this. It's not the same as your average crypto shills doing the same on sites they visit, those might be able to get away with it. But him doing it on the platform he paid money for, which he mostly controls, and where he might tell an employee to boost the reach of a specific tweet - his tweets, which are likely already artificially boosted since he's not really that popular - raises a lot of alarms. It'd be the same as if Mark Zuckerberg started promoting a specific digital currency on Facebook.
#9 Foxhack
How is "using a website he owns to make the price of a fake currency go up so he makes money" not the definition of market manipulation?
That's the big deal here: He's using his platform to do this. It's not the same as your average crypto shills doing the same on sites they visit, those might be able to get away with it. But him doing it on the platform he paid money for, which he mostly controls, and where he might tell an employee to boost the reach of a specific tweet - his tweets, which are likely already artificially boosted since he's not really that popular - raises a lot of alarms. It'd be the same as if Mark Zuckerberg started promoting a specific digital currency on Facebook.
5-Apr-23 5:45am
#10 benstylus
Foxhack wrote:
It'd be the same as if Mark Zuckerberg started promoting a specific digital currency on Facebook.
I want Facebuck to be a thing now lol
#10 benstylus
Foxhack wrote:
It'd be the same as if Mark Zuckerberg started promoting a specific digital currency on Facebook.
I want Facebuck to be a thing now lol
5-Apr-23 9:04am
#11 John
Foxhack wrote:
How is "using a website he owns to make the price of a fake currency go up so he makes money" not the definition of market manipulation?
Because you have to clarify what you mean by "using a website" to make that happen. As far as I know, he did not say "This is a good investment!" or anything of that sort. It tweeted memes about a joke coin.
A quick Google search shows that one of his first posts about it, just said "One word: Doge." I'm not convinced that is enough to be considered an illegal act. Another big one where Doge jumped 300% (and then fell back down a bunch soon after) is when he just tweeted a fake "DOGUE" magazine cover. Again, I don't see any illegal manipulation there.
Most of his posts are that sort of garbage.
That's the big deal here: He's using his platform to do this.
No, that isn't accurate. Musk bought Twitter in 2022 (started in April and completed in October). It became "his platform" then. Most of the tweets of him promoting Doge that he's being sued for were from WAY before that -- like almost two years before that in some cases.
It's not the same as your average crypto shills doing the same on sites they visit, those might be able to get away with it. But him doing it on the platform he paid money for, which he mostly controls, and where he might tell an employee to boost the reach of a specific tweet - his tweets, which are likely already artificially boosted since he's not really that popular - raises a lot of alarms. It'd be the same as if Mark Zuckerberg started promoting a specific digital currency on Facebook.
Yeah, if this lawsuit turns out to be ONLY for things AFTER it was "his platform", then I might agree with you some (depending on what was said). But, from what I've seen so far, that is not the case. Their primary tweets are the ones I gave samples above -- both of which are well before it was "his platform."
Even with it being his platform, I'm still not convinced that him temporarily changing the Twitter logo to Doge as a joke is "market manipulation" technically.
I guess we'll have to wait to see what comes out in the case. I certainly don't have all of the details.
#11 John
Foxhack wrote:
How is "using a website he owns to make the price of a fake currency go up so he makes money" not the definition of market manipulation?
Because you have to clarify what you mean by "using a website" to make that happen. As far as I know, he did not say "This is a good investment!" or anything of that sort. It tweeted memes about a joke coin.
A quick Google search shows that one of his first posts about it, just said "One word: Doge." I'm not convinced that is enough to be considered an illegal act. Another big one where Doge jumped 300% (and then fell back down a bunch soon after) is when he just tweeted a fake "DOGUE" magazine cover. Again, I don't see any illegal manipulation there.
Most of his posts are that sort of garbage.
That's the big deal here: He's using his platform to do this.
No, that isn't accurate. Musk bought Twitter in 2022 (started in April and completed in October). It became "his platform" then. Most of the tweets of him promoting Doge that he's being sued for were from WAY before that -- like almost two years before that in some cases.
It's not the same as your average crypto shills doing the same on sites they visit, those might be able to get away with it. But him doing it on the platform he paid money for, which he mostly controls, and where he might tell an employee to boost the reach of a specific tweet - his tweets, which are likely already artificially boosted since he's not really that popular - raises a lot of alarms. It'd be the same as if Mark Zuckerberg started promoting a specific digital currency on Facebook.
Yeah, if this lawsuit turns out to be ONLY for things AFTER it was "his platform", then I might agree with you some (depending on what was said). But, from what I've seen so far, that is not the case. Their primary tweets are the ones I gave samples above -- both of which are well before it was "his platform."
Even with it being his platform, I'm still not convinced that him temporarily changing the Twitter logo to Doge as a joke is "market manipulation" technically.
I guess we'll have to wait to see what comes out in the case. I certainly don't have all of the details.
5-Apr-23 10:28am
#12 Foxhack
I agree with you about this not being the case in the past.
But then he went ahead and did this... if he wasn't getting in trouble over it then, he sure might be now.
#12 Foxhack
I agree with you about this not being the case in the past.
But then he went ahead and did this... if he wasn't getting in trouble over it then, he sure might be now.
5-Apr-23 10:42am
#13 benstylus
He's basically trolling the court now. I guess when you have the kind of money he has, that kind of thing is totally fine to do. I'm sure thr court would love to make an example of him over it if they can get it to stick.
#13 benstylus
He's basically trolling the court now. I guess when you have the kind of money he has, that kind of thing is totally fine to do. I'm sure thr court would love to make an example of him over it if they can get it to stick.
5-Apr-23 11:27am
#14 John
Again, I think he is continuing to do it because his whole stance is going to be that what he's doing isn't illegal manipulation, but is jokes about a joke coin. To maintain that argument, it actually makes sense for him to continue to do this to show that it is him just trying to be funny and not market manipulation.
Heck, I wouldn't be surprised if his lawyer is telling him to keep it up to show exactly that.
I don't know if it'll work -- we'll have to see -- but I'm not surprised at all that he continues to do it if that is going to be his argument.
#14 John
Again, I think he is continuing to do it because his whole stance is going to be that what he's doing isn't illegal manipulation, but is jokes about a joke coin. To maintain that argument, it actually makes sense for him to continue to do this to show that it is him just trying to be funny and not market manipulation.
Heck, I wouldn't be surprised if his lawyer is telling him to keep it up to show exactly that.
I don't know if it'll work -- we'll have to see -- but I'm not surprised at all that he continues to do it if that is going to be his argument.
5-Apr-23 11:29am
#15 MrBean
I mean, in fairness, he kinda tanked the whole thing ... that SNL skit, ugh.
ha, let's be real, our courts won't do crap ... good ol' 45
#15 MrBean
I mean, in fairness, he kinda tanked the whole thing ... that SNL skit, ugh.
ha, let's be real, our courts won't do crap ... good ol' 45
5-Apr-23 2:54pm
#16 John
And, like I said before, the suit appears to also rely on the idea that Doge is a pyramid scheme. I don't see that going over well in court unless they want to set precedence that ALL crypto is a pyramid scheme -- in which case, anyone -- even financial professionals including some very large firms -- who have promoted the idea of investing in crypto would be guilty of promoting a pyramid scheme. I just don't see that happening.
#16 John
And, like I said before, the suit appears to also rely on the idea that Doge is a pyramid scheme. I don't see that going over well in court unless they want to set precedence that ALL crypto is a pyramid scheme -- in which case, anyone -- even financial professionals including some very large firms -- who have promoted the idea of investing in crypto would be guilty of promoting a pyramid scheme. I just don't see that happening.
5-Apr-23 2:56pm
#17 beavis
Yea, using your twitter account to express an opinion on doge is one thing, using the entire platform to essentially promote it is another. It's all about perceived reach. I'm sure he'll get around the market manipulation stuff, but this is very blatant manipulation. Guy is a fudging lunatic and the world would be better off without him.
#17 beavis
Yea, using your twitter account to express an opinion on doge is one thing, using the entire platform to essentially promote it is another. It's all about perceived reach. I'm sure he'll get around the market manipulation stuff, but this is very blatant manipulation. Guy is a fudging lunatic and the world would be better off without him.
5-Apr-23 5:21pm
#18 benstylus
John wrote:
And, like I said before, the suit appears to also rely on the idea that Doge is a pyramid scheme. I don't see that going over well in court unless they want to set precedence that ALL crypto is a pyramid scheme -- in which case, anyone -- even financial professionals including some very large firms -- who have promoted the idea of investing in crypto would be guilty of promoting a pyramid scheme. I just don't see that happening.
The case seems to be that he's using it like a pyramid scheme, not that the crypto itself is inherently one.
#18 benstylus
John wrote:
And, like I said before, the suit appears to also rely on the idea that Doge is a pyramid scheme. I don't see that going over well in court unless they want to set precedence that ALL crypto is a pyramid scheme -- in which case, anyone -- even financial professionals including some very large firms -- who have promoted the idea of investing in crypto would be guilty of promoting a pyramid scheme. I just don't see that happening.
The case seems to be that he's using it like a pyramid scheme, not that the crypto itself is inherently one.
6-Apr-23 8:23am
#19 John
beavis wrote:
Yea, using your twitter account to express an opinion on doge is one thing, using the entire platform to essentially promote it is another.
Again, from what I've read so far, the suit is about statements made before he owned anything. So, it would have been just him "using his twitter account to express an opinion on doge", right?
It's all about perceived reach. I'm sure he'll get around the market manipulation stuff, but this is very blatant manipulation. Guy is a fudging lunatic and the world would be better off without him.
That I might agree with, but it doesn't change the lawsuit.
#19 John
beavis wrote:
Yea, using your twitter account to express an opinion on doge is one thing, using the entire platform to essentially promote it is another.
Again, from what I've read so far, the suit is about statements made before he owned anything. So, it would have been just him "using his twitter account to express an opinion on doge", right?
It's all about perceived reach. I'm sure he'll get around the market manipulation stuff, but this is very blatant manipulation. Guy is a fudging lunatic and the world would be better off without him.
That I might agree with, but it doesn't change the lawsuit.
6-Apr-23 8:23am
#20 John
To clarify, what he is doing NOW is more like that -- changing the logo and everything, of course. But I gather that the lawsuit was about many things before he had any control of the platform. So, we'll have to see what comes out in the case, I guess.
#20 John
To clarify, what he is doing NOW is more like that -- changing the logo and everything, of course. But I gather that the lawsuit was about many things before he had any control of the platform. So, we'll have to see what comes out in the case, I guess.
6-Apr-23 8:52am
#21 MrBean
Well, none of it matters because it's going down again, gosh darn it. I need to just bail and take a loss and call it a day so done with all this crap.
#21 MrBean
Well, none of it matters because it's going down again, gosh darn it. I need to just bail and take a loss and call it a day so done with all this crap.
Twitter replaces logo with DOGE, to the moon?