Aspirational

New York — A lawsuit alleging that Elon Musk and his electric car company, Tesla, were involved in promoting Dogecoin as part of an illegal pyramid scheme has been dismissed by a U.S. judge. The judge ruled that Musk’s online endorsements of Dogecoin were “aspirational, not factual,” thereby dismissing the case that claimed financial damages due to the erratic fluctuations in the cryptocurrency’s value purportedly influenced by Musk’s tweets. The lawsuit centered on several tweets from Musk, who has frequently taken to Twitter to express his support for the meme-inspired digital currency. Plaintiffs contended that … Read more