A Manhattan judge permanently dismissed a lawsuit that alleged Elon Musk and Tesla manipulated the price of dogecoin by exploiting Musk's social media influence and public statements.
A Manhattan judge permanently dismissed a lawsuit alleging Elon Musk and his electric-car company, Tesla, manipulated the price of dog-themed token dogecoinon Thursday night. In 2022, investors accused Musk of using his Twitter following and a 2021 appearance on NBC's"Saturday Night Live," among other instances, to influence the memecoin's price and allegedly take profits on his suspected DOGE holdings at their expense.
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