What Happened to Twitter Logo
Dogecoin's Shiba Inu Takes Over Twitter: Elon Musk Confirms Change
Since Elon Musk took control of Twitter, users have heard about numerous organisational changes at the internet firm and have been wondering what these changes would imply for them and the future of the micro-blogging platform. In the most recent incident, Twitter users got a surprise when they woke up. Who knows what transpired? Well, the meme of Dogecoin's Shiba Inu has taken the place of the traditional blue bird symbol of Twitter.
Elon Musk, the CEO of Twitter, verified the most recent update in a statement that ended with the phrase "as promised" and a screenshot of an earlier tweet. After the new sign was introduced, many people have posted jokes and remarks about it.
The recognisable blue bird logo of Twitter was unexpectedly changed on Tuesday by Elon Musk and replaced with a meme about cryptocurrencies. On the Web version, the Twitter feed home screen's upper-left corner displays the "Doge" meme. Since Mr. Musk spent $44 billion to buy the microblogging site in November of last year, this modification is the most recent one. The For You feed, which users view when they launch the app, will exclusively recommend material from sponsored accounts starting in April, he had previously said.
A flurry of comments have been made over the "Dog" joke used as a logo on Twitter.
The Twitter logo is a dog, but why?
The price of dogecoin has increased by almost 30% since the logo change. For inflating the price of the cryptocurrency in 2022, Musk was sued in New York for $258 billion (£207 billion) under the theory that it was a pyramid scheme. Instead of offering investments or making a profit off the sale of goods, this unlawful business model attracts members by promising rewards or services in exchange for bringing others into the scheme.
On April 1, Musk requested a US judge to dismiss the case, claiming that it was legal to tweet encouragement or amusing images of a legitimate cryptocurrency with a market valuation of close to $10 billion. (£8bn).”
Therefore, this is the actual context behind the logo change. Musk has engaged in the same type of behaviour that this was originally about, but on a larger scale, in an effort to support his assertion that the 2022 lawsuit was unfounded.
Shiba Inus are the topic of an online meme that was popular from 2010 to 2013. The dog in the dogecoin graphic is a Shiba Inu. At the height of the meme's popularity in 2013, software programmers Billy Markus and Jackson Palmer of IBM and Adobe invented Dogecoin as a joke.
Palmer has expressed his belief that cryptocurrencies are a "get rich quick" scheme in interviews and on Twitter.
"Elon Musk changed Twitter's logo to the Doge. Is Twitter entertaining on Tuesday? "A user inquired. "On Twitter, there is always some attention-seeking bullshit going on. It doesn't matter if it's a doge or a bird, "another said.
One said, "Dogecoin's market value has increased by $4 billion as a result." Will you rebrand Twitter to Barker? questioned another. Thanks for bringing Twitter's excitement back, a third person said. To the moon with #Dogecoin!" "Dogecoin to the moon, let's go!" said another.
Musk's Support for Dogecoin and Palmer's Opinions on Cryptocurrency
In 2021, Palmer stated on Twitter, "I believe that cryptocurrency is an intrinsically right-wing, hyper-capitalist technology intended largely to amplify the wealth of its proponents through a mix of tax dodging, limited governmental monitoring, and artificially enforced scarcity.
Some thought it was strange in the meantime. Some people mocked the change in some humorous responses. Some made fun of Musk's track record of keeping his word. One remarked, "What about your promised resignation? What about verified accounts receiving the promised ad revenue?" After seeing this, a different participant asserted, "I think it's likely Elon will put cocaine back in Coca-Cola."
Mr. Musk backs Dogecoin, a mock cryptocurrency launched in 2013. He emphasised that SpaceX will soon follow Tesla in accepting Dogecoin as payment for goods.
After Musk tweeted a mocking image with an old logo, dogecoin rose 30%.
According to Bloomberg, Dogecoin surged by about 30% after its image unexpectedly surfaced in the website interface.
Mr. Musk issued two tweets that offered a satirical perspective on his decision as more and more users began to inquire as to why the logo had been modified.
One of his tweets depicts the 'Doge' meme's face driving a car as a police officer purportedly examines a licence using the 'old' blue bird insignia.
"That's an old photo," Doge informs the officer.
Then, in a subsequent tweet, Mr. Musk posted a screenshot of an old exchange with a user in which the latter requested that he "purchase Twitter and replace the bird logo to a doge." It was finished "as promised," he claimed in the tweet.
Reuters reported that Mr. Musk is facing a $258 billion lawsuit alleging he ran a pyramid scheme to fund dogecoin, and Vox highlighted this "important" piece of news that users are pointing to. A few days before the meme was posted on Twitter, the CEO of Twitter's legal team requested the court to throw out the dogecoin lawsuit.
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