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Doge’s day out on Twitter short-lived as iconic blue bird comes back

New Delhi: Three days after an unexplained change to a dog meme, Twitter brought back the iconic blue bird on its homepage Thursday.

Once again, no explanations were given.

On 4 April, Twitter’s billionaire owner Elon Musk had announced the change to the doge meme – the photo of a Shiba Inu – with two posts. The dog meme is the logo of the cryptocurrency Dogecoin that Musk is known to have supported.

Incidentally, the billionaire is being sued by Dogecoin’s investors for allegedly running a pyramid scheme to support the cryptocurrency.

The plaintiffs have accused Musk of racketeering for touting Dogecoin and driving up its price more than 36,000% over two years, only to let it crash.

Last Friday, just two days before the logo change, Musk asked a US judge to throw out the $258 billion lawsuit, calling it a “fanciful work of fiction” over his “innocuous and often silly tweets” about Dogecoin.

“The lawyers said the investors never explained how Musk intended to defraud anyone or what risks he concealed, and that his statements such as ‘Dogecoin Rulz’ and ‘no highs, no lows, only Doge’ were too vague to support a fraud claim,” Reuters reported.

Meanwhile, shares of Dogecoin which soared after the change to the Shiba Inu, slumped by nearly 9% as users began to see the blue bird.

It fell to a low of 8.4 cents compared to the high of 10.5 cents it reached Monday after Musk made the logo change, Bloomberg reported.


Also read: Twitter again accused of legal violations during mass layoffs


 

 

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