Elon Musk changes Twitter's logo to Doge meme, here's why
Dogecoin's Shiba Inu dog replaced Twitter's blue bird as the social media platform's logo on Monday, helping the parody coin's market value increase by as much as $4 billion, according to Reuters.
Elon Musk, CEO of Twitter, has still not provided an explanation or justification for the change of Twitter's logo, which was replaced with a crude cut-out image of a dog meme made popular by cryptocurrency.
On Monday, users noticed that the blue bird logo that had previously appeared on Twitter's homepage and loading screen had been changed to a picture of a Shiba Inu, which is the symbol for the memecoin cryptocurrency Dogecoin. Neither Twitter nor Musk even recognised the change for several hours.
Users became confused when they noticed the Doge icon on the loading screen and in the upper left corner of the web UI, thinking it might be a bug or simply an April Fool's joke that appeared two days late.
— Elon Musk (@elonmusk) April 3, 2023
Musk eventually tweeted a meme pointing out the change and offered the closest thing to an explanation he's given so far: a reference to a follower's joke from March 2022, in which the follower suggested that Musk should buy Twitter and replace the logo with Doge.
As promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
Musk is known to be a supporter of Dogecoin. He has promoted cryptocurrency not just on Twitter, but also on various other occasions. In addition, he declared that Dogecoin will be accepted as payment for Tesla last year, which boosted the value of the cryptocurrency by almost 20%.
In June 2022, Musk was sued in the US District Court for the Southern District of New York for claims that Musk knew Dogecoin was worthless as of 2019 but yet promoted it in order to profit from its trade1, as per Reuters.
The Dogecoin token, which was created in 2013 as a parody of the cryptocurrency craze but has no practical purpose, saw its value increase to 10 cents from 7 cents on Tuesday.
Since taking over as CEO in October of last year, Musk has made a number of significant adjustments to the massive social media platform. As on April 1, Twitter will no longer offer its free "verified" program and instead will charge users $8 a month to get the coveted blue verification checkmarks.
Next Article