Elon Musk's Twitter takeover has sparked controversy, with the billionaire CEO replacing the platform's iconic bird logo with an image of a Shiba Inu - a canine symbol associated with the Dogecoin cryptocurrency that Musk is being sued over. The logo change came just days after Musk tweeted "as promised" in reference to a 2021 conversation where another user suggested he replace the bird logo with a doge.
Musk's decision has been met with skepticism from lawyers representing both himself and Tesla, who claim the lawsuit accusing him of running a pyramid scheme to support Dogecoin is a "fanciful work of fiction." The $258 billion racketeering lawsuit was filed by investors in Dogecoin, which was created in 2013 as a joke and has a price that's often volatile.
The price of Dogecoin saw a surge of over 20% in the past 24 hours, trading at around 9 cents. Musk has been known to use Twitter to troll both his fans and critics, leaving it unclear whether the logo change is permanent.
Musk's decision has been met with skepticism from lawyers representing both himself and Tesla, who claim the lawsuit accusing him of running a pyramid scheme to support Dogecoin is a "fanciful work of fiction." The $258 billion racketeering lawsuit was filed by investors in Dogecoin, which was created in 2013 as a joke and has a price that's often volatile.
The price of Dogecoin saw a surge of over 20% in the past 24 hours, trading at around 9 cents. Musk has been known to use Twitter to troll both his fans and critics, leaving it unclear whether the logo change is permanent.