An Investor sues Elon Musk for USD 258 bln. over Dogecoin

Image of a crumbling Dogecoin

Source: Dreamstime | Author: Valerii Piankovskyi

Reading time: 2 minutes

An American cryptocurrency investor has filed a complaint with the federal court in Manhattan against Elon Musk, as reported by Reuters. The suit, seeking the impressive sum of $258 bln., claims that Musk is running a pyramid scheme which had artificially inflated the price of the Dogecoin cryptocurrency. 

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Amazon Splits Its Stock for the First Time Since 1999; Here Is What This Means for Traders

Rows of stacked cardboard boxes with Amazon logo

Source: Dreamstime | Author: Russell Vance

Reading time: 1 minute

In a move that closely mirrored Apple, Tesla, Google and other tech giants, on Wednesday Amazon announced its first stock split since the dot-com era, essentially informing investors that they will receive 19 extra shares for each share that they currently hold in the company. The e-commerce leader also said that it will kickstart a brand new $10 billion share buyback program, effectively replacing its previous $5 billion buyback program authorised back in 2016.

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