Elon Musk's Twitter Bird Replaced with Shiba Inu, Dogecoin Surges - CNN Business reports.
In a surprise move, Twitter's iconic bird logo was swapped out for an image of a Shiba Inu dog, sparking a surge in the price of the cryptocurrency dogecoin. The change, which took place just days after Musk announced his intention to dismiss a $258 billion lawsuit claiming he orchestrated a pyramid scheme to support dogecoin, has left investors and analysts scratching their heads.
Musk took to Twitter on Monday afternoon to address the logo change, tweeting "as promised" alongside a screenshot of an old conversation where another user suggested replacing the bird with a Shiba Inu. The move appears to be a nod to the popular meme surrounding dogecoin, which was created in 2013 by two software engineers as a joke.
The lawsuit, filed by dogecoin investors, accuses Musk and Tesla of running a pyramid scheme to prop up the struggling cryptocurrency. However, lawyers for Musk and Tesla have dismissed the claims as "fanciful work of fiction" and argue that Musk's tweets are merely "innocuous and often silly."
While it remains unclear whether the new logo is permanent, one thing is certain - dogecoin has seen a significant price surge in recent days. The cryptocurrency has jumped over 20% in value, currently trading at around 9 cents per coin. The sudden increase in value has left many wondering if Musk's actions are having an impact on the market.
As for the Shiba Inu logo, its origins date back to 2013 when it was created as a meme inspired by the "doge" internet phenomenon. With its Comic Sans text and adorable illustration, the Shiba Inu mascot has become synonymous with dogecoin - at least according to Musk.
In a surprise move, Twitter's iconic bird logo was swapped out for an image of a Shiba Inu dog, sparking a surge in the price of the cryptocurrency dogecoin. The change, which took place just days after Musk announced his intention to dismiss a $258 billion lawsuit claiming he orchestrated a pyramid scheme to support dogecoin, has left investors and analysts scratching their heads.
Musk took to Twitter on Monday afternoon to address the logo change, tweeting "as promised" alongside a screenshot of an old conversation where another user suggested replacing the bird with a Shiba Inu. The move appears to be a nod to the popular meme surrounding dogecoin, which was created in 2013 by two software engineers as a joke.
The lawsuit, filed by dogecoin investors, accuses Musk and Tesla of running a pyramid scheme to prop up the struggling cryptocurrency. However, lawyers for Musk and Tesla have dismissed the claims as "fanciful work of fiction" and argue that Musk's tweets are merely "innocuous and often silly."
While it remains unclear whether the new logo is permanent, one thing is certain - dogecoin has seen a significant price surge in recent days. The cryptocurrency has jumped over 20% in value, currently trading at around 9 cents per coin. The sudden increase in value has left many wondering if Musk's actions are having an impact on the market.
As for the Shiba Inu logo, its origins date back to 2013 when it was created as a meme inspired by the "doge" internet phenomenon. With its Comic Sans text and adorable illustration, the Shiba Inu mascot has become synonymous with dogecoin - at least according to Musk.
it's just gonna get old quickly, you know? like, what's next, a picture of a cat or something 
? anyway, dogecoin's price surge is kinda cool i guess, but it's not like musk actually did anything to make it happen 
. and can we talk about how weird the whole lawsuit thing is? 
a pyramid scheme? lol no way, man...
. Musk's just trolling us at this point, but hey who knows maybe it'll work out? 
. the thing is, it's crazy how a meme can turn into a market trend 
and it's actually kinda fitting that they replaced the bird with a cute doggy logo 
.
it's wild 
! and let's talk about this lawsuit for a sec... lawyers are saying it's all just a joke 
. and now with this logo change, it's like he's giving them a virtual high-five 
! what do u think tho? are we all just getting played by a genius or what? 
and what's up with the lawsuit? seems like elon just wants to stir the pot 
guess we'll have to wait and see if dogecoin's new furry face is here to stay 
. Still don't know what's going on with Musk's tweets and Dogecoin, but hey, at least he's making our timelines more interesting 
. Fingers crossed he knows what he's doing...or at least, we'll get some kind of explanation 
.
I mean, who thought it was a good idea to swap out Twitter's iconic logo for a cute dog face? It's just going to confuse people even more and make them lose trust in the platform. And what's with the sudden surge of dogecoin? Just because Musk tweets about it doesn't mean it's going to magically increase in value! 
. Plus, 20% surge in value is no joke! 
You're all going crazy over a logo change?! 
The bird was just a boring old logo, who cares?! 
And now we've got some cute Shiba Inu face instead... yeah, okay, it's kinda cool