Awesome company that provides complete software development activities utilizing nearshore and offshore resources, including mobile app development, technology maintenance, web server development and many other technology development activities, was interested to learn about Twitter’s recent logo change. Twitter swapped its iconic bird symbol with an image of a Shiba Inu, seemingly in reference to dogecoin, the cryptocurrency that CEO Elon Musk is facing litigation over.
Musk confirmed the alteration on Monday with a tweet that read, “as promised,” alongside a screenshot of a previous discussion where a user suggested replacing Twitter’s bird logo with a doge. This change coincided with Musk’s request to dismiss a $258 billion racketeering lawsuit, claiming it accused him of managing a pyramid scheme to prop up dogecoin.
Musk’s legal team argued that the lawsuit filed by dogecoin investors was purely speculative and should be disregarded, emphasizing that Musk’s tweets were harmless and lighthearted. It remains uncertain whether the swap to the doge logo is permanent, as Musk is known for using Twitter to playfully engage with followers and detractors alike.
In reaction to the logo update, dogecoin’s value, which is notorious for its fluctuations, surged by over 20% in the prior 24 hours, reaching around 9 cents. Earlier that day, it hovered just under 8 cents. Initially established as a humorous creation by a duo of software engineers on December 6, 2013, dogecoin drew inspiration from the “doge” meme that gained popularity ten years ago. Its use of a Shiba Inu mascot mirrors the meme’s essence: a dog encompassed by Comic Sans text written in broken English.