On April 3, social media giant Twitter changed its logo from its original “blue bird” to the popular meme token Dogecoin.
Two days ago, Twitter and Tesla CEO Elon Musk asked a U.S. judge to dismiss a $258 billion lawsuit filed by investors alleging that A pyramid scheme is being implemented to promote Dogecoin.
The price of Dogecoin is increasing rapidly. Its price jumped more than 22% to $0.09784, where the icon change happens across the platform and is directly visible to the social media giant’s estimated 360 million monthly active users and visitors. watch platform Musk’s lawyers reportedly argued that “funny pictures” and “tweeting support” were not considered fraud.
Shortly after the logo change, Musk tweeted the meme above. Which seems to imply that the change will happen for a while:
It seems that the reason behind the change came in part from a conversation with the admins of r/WallStreetBets, the popular SubReddit on Twitter, told him to give it a try. “Change the bird logo to doge instead.”
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