Could be related to this lawsuit https://news.ycombinator.com/item?id=35406939

I see it in the browser but not the app

Article says "seeks to end lawsuit" but seems like he seeks to start another one.

It was a joke suggested by @WSBChairman, which Elon followed through on:

https://twitter.com/elonmusk/status/1642976364080041984?s=46...

The whole point of Doge is that it’s daft and pokes fun at how seriously people took crypto a few years ago. I think HN seems to be quick to assume malice here. Lighten up, folks!

The Dogecoin price graph is spiking: https://www.coindesk.com/price/dogecoin/

Isn’t market manipulation like that illegal?

Crypto isn't legally considered a security.

The SEC disagrees. https://www.sec.gov/spotlight/cybersecurity-enforcement-acti...

Even if say a particular cryptocurrency is not a security, it is definitely a commodity and market manipulation of a commodity is still a thing and a crime. Ask CFTC.

What's the market manipulation?

If you own a large advertising platform, and you have a stake in another company, are you than allowed to place an ad at a favorable place on that platform, a place so favorable it trumps any other content and even user’s ad-blockers?

I’m not a lawyer, but there is something here that doesn’t smell right.

That graph does not have 0 as the starting point, which makes the so called spike look more dramatic. Try to enlarge the view by selecting a much longer period of time.

Every now and then Musk decides to shill for dogecoin. Nobody is sure if it's a joke or not.

I'm pretty sure it's not. He can find proxies to invest in it, and under the guise of joking and memeing around, rake in easy profit. And if we keep letting him do it, it's no surprise he keeps doing it.

Do you have any support for that theory? Any investment in Doge would be tiny compared to the size of Musks other financial interests.

You're assuming the guy who burned 2.5 billion in advertisement revenue in order to get about 30 million of subscriber revenue is rational. And that's a bad assumption.

Plus what does it cost him to put a doge on Twitter? Nothing.

Someone is making a good money off it. We all know who.