Twitter’s famous blue bird logo was modified on Monday to resemble the emblem of Dogecoin cryptocurrency – an image of a dog featured in viral memes – in what appears to be a late April fool’s joke from the company’s billionaire owner, Elon Musk.
Users noticed that the blue bird emblem on Twitter’s site and loading screen had been changed with the shiba inu graphic associated with the Dogecoin cryptocurrency on Monday, US time.
Musk, in classic Musk flair, tweeted a meme about the development.
Dogecoin’s official account tweeted “Very currency. Wow. Much Coin. How Money. So Crypto.” in response.
Musk has not revealed the cause for the adjustment, although some people theorized that it was intended as an April Fool’s Day joke that the firm was unable to deliver on time on April 1. It occurred just days after Musk asked a US judge to dismiss a $258 billion lawsuit launched against him by Dogecoin investors over an alleged pyramid scheme.
The plaintiffs lawsuite against Musk
According to the case, the plaintiffs claim Musk knew the cryptocurrency had no value since 2019, yet promoted Dogecoin to profit from its trading in June last year. “Musk used his position as the world’s richest man to control and manipulate the Dogecoin Pyramid Scheme for profit, exposure, and pleasure,” according to the complaint. According to the plaintiffs, the sell-off of Dogecoin started when Musk appeared on Saturday Night Live and referred to Dogecoin cryptocurrency as a “hustle” in a sketch.
Musk’s lawyers fight off the plaintiffs
Musk and Tesla’s lawyers have dubbed the lawsuit’s assertions a “fanciful piece of fiction” based on Musk’s “innocuous and frequently foolish tweets” about Dogecoin. Last year, Musk stated that Dogecoin cryptocurrency could be used to purchase Tesla products. Dogecoin’s value increased from US$0.079 to US$0.094 after Twitter changed its logo, the currency’s greatest value since November of last year.
Leaked twitter’s worth
Twitter is now valued less than $20 billion, according to a leaked internal letter, less than half of what Musk paid for it six months ago. Despite pledging to remove legacy blue ticks for verified users starting on April 1st, the site has only removed the tick for the New York Times’ main Twitter account so far.