The Twitter logo has been replaced with the infamous Dogecoin after Musk was accused of causing inflation in the price of the cryptocurrency with a pyramid scheme.
#Twitterlogo is now trending on Twitter after the Shiba Inu, ‘Dogecoin’ logo has replaced the bluebird on the web version of the social media site. The replacement of the logo is only for the web version of the site and not the app version.
In October 2022, Elon Musk, Tesla’s founder took over the social media site in a $44 billion deal.
According to a report by Hindustan Times (HT), this update has been done, a day after Musk was allegedly accused by Dogecoin of defrauding the investors of the coin by running a pyramid scheme to support the cryptocurrency.
The reporter further said that this lawsuit was filed as this alleged pyramid scheme inflated the price of Dogecoin.
The official website of Dogecoin says that it is, “An accidental crypto movement that makes people smile.”
As of 4 April 2023 Dogecoin, is priced at Rs 8.10 at 9:47 am.
Musk’s lawyers asked the United States judge to throw out the $258 billion lawsuit against him.
Approving the update, Musk put up a meme on his Twitter account showing that the bluebird is an old logo and the Dogecoin is the new and updated one.
A report by Livemint showed that after the logo was changed, the price of Dogecoin was rising again. It said, “The Dogecoin rose as much as 30% to $0.09.”
Musk also posted a screenshot of an earlier conversation with a Twitter user on the same matter.
Twitter has been seeing several changes, after the update and new verification guidelines. After Musk’s takeover, the blue tick is now chargeable at $8 a month and $84 a year.
Twitter removed the blue tick of the official New York Times Twitter account after they learned that the media house was not ready to pay for Twitter Blue.
A Washington Post report said, “The move continues after Musk’s grudge over U.S Journalists who have reported critically over him.”
The blue tick through Twitter blue is for anyone who pays for the subscription. The Washington Post article said that the company desperately needs to make up for its decreasing advertising revenue and its debt.
In a response to a meme showing the decision of The Times also not wanting to pay for the Twitter badge, Elon Musk responded to the meme saying, “Oh, Let’s remove it then.”