This holiday season, Elon Musk, CEO of Tesla and SpaceX, responded to a tweet (X) by Billy Markus, co-founder of Dogecoin, about what he thought were the bad things about a famous West Coast city. He said that the city, which is known for its microbreweries and nature sites, was a bit overrated.
Markus, one of the founders of Dogecoin, first told the world on Twitter (now called X) on December 26 that Oregon’s coolest city has been losing its cool tones.
“Name something that used to be great but is now awful?” “I’ll start: Portland, Oregon,” Markus wrote, asking other people to add their thoughts.
The lawsuit said, “This is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading by the world’s richest man Elon Musk. Musk hijacked an emerging pop culture phenomenon to cross-promote himself and his companies and to pad his obscene fortune, preying on the earnest hopes of vulnerable Americans, including war veterans, blue collar workers, and the elderly.”
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A lawyer for Musk, on the other hand, said that the way his social media posts were described was wrong: “There is nothing illegal about tweeting words of support for or funny pictures about a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion.”