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Fortune
Fortune
Ben Weiss

Elon Musk posted a Scooby-Doo meme—and Dogecoin added $320 million in 15 minutes

Elon Musk, CEO of Twitter and Tesla, speaks on stage at a conference in Paris. (Credit: Nathan Laine—Bloomberg/Getty Images)

Elon Musk likes memes. He likes dogs. And when he combines both into a single tweet and slips in a casual "Doge" reference, he makes hundreds of millions of dollars appear out of thin air.

On Wednesday afternoon, the embattled CEO of Twitter and Tesla tweeted a meme that featured the beloved cartoon character Scooby-Doo. "Doges ftw [for the win]," he wrote.

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