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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Elon Musk Versus the Board: Who Will Swallow the “Poison Pill” in the Battle for Twitter?

A collage of Elon Musk and Twitter's mobile app

Sources: Unsplash, Pixabay | Author: DeltaStock

Reading time: 3 minutes

Twitter’s board of directors armed itself against a potential aggressive buyout a mere day after the billionaire entrepreneur Elon Musk offered to buy the social network for $43 billion. The company’s management then approved a shareholder rights plan with a limited duration, better known as the “poison pill”.

Here’s what Ivaylo Chaushev, chief financial analyst of DeltaStock, makes of the whole situation and where it could be headed next.

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