Elon Musk's Twitter bird has taken on a new persona, literally. The social media platform's iconic logo, a stylized image of a bird, has been replaced with an image of a Shiba Inu, the canine mascot of dogecoin - a joke cryptocurrency that Musk is being sued over.
In a tweet posted just days after the change, Musk declared, "as promised" in reference to a year-old conversation where someone suggested he simply buy Twitter and alter the bird logo to a doge. The move appears to be an affectionate nod to dogecoin, which has gained traction among investors following Musk's recent comments about it.
Dogecoin was created as a joke just over nine years ago by two software engineers who emulated the "doge" meme popularized on social media around that time. However, since Musk expressed interest in it recently, the cryptocurrency's price has surged - up more than 20% over the past 24 hours.
Lawyers for Musk and Tesla have dismissed a $258 billion lawsuit accusing Musk of running a pyramid scheme to support dogecoin as "fanciful work of fiction." The exact duration of the new logo remains unclear as Twitter is known to be prone to changes in direction under Musk's rule, often with little warning.
The unexpected change comes amid growing scrutiny over social media platforms' influence on financial markets. The price of dogecoin has seen significant gains in recent days following its adoption by Musk, sparking debate among investors and financial experts about the cryptocurrency's true value.
In a tweet posted just days after the change, Musk declared, "as promised" in reference to a year-old conversation where someone suggested he simply buy Twitter and alter the bird logo to a doge. The move appears to be an affectionate nod to dogecoin, which has gained traction among investors following Musk's recent comments about it.
Dogecoin was created as a joke just over nine years ago by two software engineers who emulated the "doge" meme popularized on social media around that time. However, since Musk expressed interest in it recently, the cryptocurrency's price has surged - up more than 20% over the past 24 hours.
Lawyers for Musk and Tesla have dismissed a $258 billion lawsuit accusing Musk of running a pyramid scheme to support dogecoin as "fanciful work of fiction." The exact duration of the new logo remains unclear as Twitter is known to be prone to changes in direction under Musk's rule, often with little warning.
The unexpected change comes amid growing scrutiny over social media platforms' influence on financial markets. The price of dogecoin has seen significant gains in recent days following its adoption by Musk, sparking debate among investors and financial experts about the cryptocurrency's true value.