Quick take: A meme account Tweeted a fake headline that Costco was raising the price of its hot dogs due to inflation. The fake news was widely circulated even by mainstream media leading to Costco’s stock falling by 13%. The stability of $1.50 hot dogs has resulted in crypto Twitter floating the idea that they could back Stablecoins. At one time, Costco’s Co-founder is rumored to have told the company’s CEO that he would kill him if he hiked the […]
