In a surprise move, Twitter's iconic bird logo has been replaced with an image of a Shiba Inu, effectively emblazoning the logo with a nod to Dogecoin, a cryptocurrency that CEO Elon Musk is at the center of a $258 billion lawsuit. The sudden change, which occurred just days after Musk asked a judge to dismiss the suit, was accompanied by a tweet in which Musk claimed it was "as promised," referencing an old conversation where another user joked about changing the bird logo to a doge.
The move has sparked a surge in Dogecoin's value, with the cryptocurrency seeing a 20% increase over the past 24 hours. While it is unclear whether the new logo will be permanent, Musk has a history of using Twitter to troll both his fans and critics. The billionaire entrepreneur has been at the center of a heated debate over the legitimacy of Dogecoin, which was created in 2013 as a joke by two software engineers.
Lawyers for Musk and Tesla have described the lawsuit as "fanciful work of fiction" aimed at silencing Musk's "innocuous and often silly tweets." However, investors who have lost money on the cryptocurrency are suing Musk over claims that he orchestrated a pyramid scheme to support Dogecoin. Despite the ongoing litigation, Dogecoin has become a darling of the crypto community, with its Shiba Inu mascot becoming an unlikely symbol of online culture.
The logo change appears to be a calculated move by Musk, who is well-known for his mercurial personality and penchant for trolling on social media. As one lawyer noted, "It wasn't clear whether the logo change was permanent," suggesting that Musk's actions may have been designed to stir up controversy rather than signal a lasting shift in Twitter's branding.
The move has sparked a surge in Dogecoin's value, with the cryptocurrency seeing a 20% increase over the past 24 hours. While it is unclear whether the new logo will be permanent, Musk has a history of using Twitter to troll both his fans and critics. The billionaire entrepreneur has been at the center of a heated debate over the legitimacy of Dogecoin, which was created in 2013 as a joke by two software engineers.
Lawyers for Musk and Tesla have described the lawsuit as "fanciful work of fiction" aimed at silencing Musk's "innocuous and often silly tweets." However, investors who have lost money on the cryptocurrency are suing Musk over claims that he orchestrated a pyramid scheme to support Dogecoin. Despite the ongoing litigation, Dogecoin has become a darling of the crypto community, with its Shiba Inu mascot becoming an unlikely symbol of online culture.
The logo change appears to be a calculated move by Musk, who is well-known for his mercurial personality and penchant for trolling on social media. As one lawyer noted, "It wasn't clear whether the logo change was permanent," suggesting that Musk's actions may have been designed to stir up controversy rather than signal a lasting shift in Twitter's branding.