Months after buying out Twitter in a pricey USD 44 billion deal and a lengthy lawsuit, billionaire Elon Musk has decided to change the iconic blue bird logo of Twitter, and it is exactly what you’d expect from the self-proclaimed meme king of Twitter. The ‘doge’ meme has taken the place of the logo.
A memefest erupted on Twitter after Elon Musk changed the microblogging site’s blue bird logo to a derpy-looking Shiba Inu, which is the ‘doge’ meme and the logo of the popular cryptocurrency Dogecoin, which Musk frequently promotes.
Furthermore, Elon Musk’s new decision was good news for Dogecoin, as the cryptocurrency’s value rose 30 percent shortly after the logo was changed to the doge meme, resulting in major good news for its investors.
Many netizens and media outlets pointed out that Dogecoin gained more than USD 4 billion during the time the logo was changed. Elon Musk has previously been accused of participating in a pyramid scheme to promote Dogecoin, and a USD 258 million racketeering lawsuit has been filed against him.
Elon Musk took to Twitter after the blue bird logo was replaced with the Shiba Inu dog to share memes about himself, one of which was an old screenshot of an interaction between him and a netizen who asked him to buy Twitter just to change the logo to doge.
While the price of Dogecoin has risen, several major changes implemented by Elon Musk since taking over as CEO of Twitter have resulted in a significant loss for the company. Twitter is now worth half of what it was when Elon Musk bought it.