Alec Hogg: Elon Musk kicks Dogecoin where it really hurts

Elon Musk's fun with crypto joke Dogecoin has become an expensive lesson for punters. The price (above) fell 35% after the Pretoria-born entrepreneur called it "a hustle". Dogecoin fans pumped the world's fifth biggest crypto currency's valuation to over $100bn ahead of Musk's co-hosting of the US's Saturday Night Live. But instead of punting it, Musk went the other way. Click here for the story..Call me an optimist, but the Sunday Times's lead story about Ace Magashule being kicked out of the NEC's online meeting raises positive possibilities for SA. The prospect of the Ace's Traditionalists breaking away from CR's Reformers looks high. A split in the ANC would re-introduce SA to the benefits of competitive politics. Here's hoping..Ripples from Nick Hudson's presentation at the Biznews Investment conference in March continues to widen. Latest global media to pick it up is Erik van der Horst of Holland's widely followed Keuringsdienst van Waarheid (Inspectorate of Truth). It's mostly in English – click here to watch..Please book soonest if you want to be guaranteed a seat to hear (and meet) Nick and other free-thinking keynote speakers at our Spring investment conference. Although it's three months away, bookings are already three quarters of the 100 delegates where gatherings of this kind are currently capped. If the limit doesn't change, early bookers get preference. Click here for the speaker lineup, costs and how to book..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our helpdesk can help – support@biznews.com.And for your listening pleasure.Today's fresh audio on BizNews Radio.…..(click on the link to access).BPH: Dr Richard Smith on attractions of Twitter, Peloton; Carrie's CornerInside voice profiling revolution, AI-assisted vocal analysis – Prof TurowNeal Froneman on the success of Sibanye: "In a way, we bet the farm"SA's financial regulator gets an egg face, withdraws OVEX allegationPotgooi: Charl gesels met Drikus Combrink van CapicraftLatest videos on BizNews TV… (subscribe on YouTube and daily at 5:30pm get to see all the studio action of BizNews Power Hour)'We've moved SO FAR AWAY from the Rainbow Nation' – David Shapiro on Ramaphosa's leadershipRamaphosa 'shocked' by Magashule behaviour; most vaccinated country back in lockdownFestive Friday with Carrie Adams – BizNews Power Hour 7 May 2021

Alec Hogg: Elon Musk kicks Dogecoin where it really hurts

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