Court rules in favor of Musk and Tesla over Dogecoin

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A US district court judge dismissed the lawsuit, saying that “no reasonable investor” could rely on Musk’s Dogecoin tweets for investment decisions. 

Elon Musk and his electric automotive company, Tesla, have won the dismissal of a lawsuit that accused them of manipulating the price of Dogecoin, causing $258 billion in damages. 

The lawsuit was tossed in an Aug. 29 decision by Judge Alvin Hellerstein of the United States District Court for the Southern District of New York. 


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