Saying that Elon Musk’s Twitter takeover has been a wild ride is an understatement. Since the highly-contested deal was struck, updates to the website have been popping up weekly, if not daily, with so many copious alterations being made to the interface and algorithm of the site that not even the most dedicated fans of the Space-X owner can keep up with.
In between his sassy comments and self-centered takes about himself or his companies, our feeds are unfortunately always buzzing with discussions about the South African entrepreneur. Today is no different as those who logged on to the social media platform this morning have probably already observed. However, if you decided to leave the hellscape after Musk’s takeover (we don’t blame you), allow us to brief you. This morning, Twitter’s iconic bluebird logo was replaced by popular cryptocurrency Dogecoin’s dog symbol, triggering all sorts of conspiracies as to why.
Amongst some of the theories attempting to explain the sudden makeover, which was quite frankly unwanted, it has strongly been suggested that the recent surge of doge content on Twitter, including the logo switch, may be related to Musk’s recent legal issues as he is currently facing a $258 billion lawsuit that accuses him of running a pyramid scheme to promote the above-mentioned digital service.
This is the actual reason Elon turned the Twitter logo into Doge. Remember, he *doesn't* want this story coming out about Dogecoin. So do NOT share and retweet it so that this is the result when you type "Elon Doge". Do NOT share it. https://t.co/3Vvx7thyXP
— matt smith emmy campaigner (@wenbbilliams) April 3, 2023
Interestingly enough, just a few days before Doge took over Twitter, Musk’s lawyers allegedly filed a request to dismiss the case leading some netizens to think that the unexpected move might be a way for the entrepreneur to divert attention away from his judiciary troubles and focus it on his involvement in the world of cryptocurrency.
However, despite the various speculations, one thing is undeniable: the impact that it has had on Dogecoin’s price is beyond tangible. In just 24 hours, the price of Dogecoin has increased by a staggering 25%, with the cryptocurrency even reaching a high of $0.10 at one point, proving that to some extent, Musk’s efforts might actually be working.
As we have seen in the past, the Tesla founder has an undisputable influence on social media, and his tweets have been known to significantly impact the price of the stock, which makes the decision to change Twitter’s logo further evidence of his influence and grip over the tech industry as a whole.
Known for his unpredictability on social media, his followers always tend to wonder what he will do or say next, and while some may find his statements off-putting, criticizing his actions as reckless and potentially harmful to investors and even society, others hail him as a visionary who is changing the world one tweet at a time. Regardless of what anyone thinks, Musk is a force to be reckoned with and his impact on the world is only likely to continue for years to come— whether you love him or hate him.
