Elon Musk Just Reversed Himself on Something Fundamental at Twitter

Musk’s move has had a knock on effect on a popular crypto currency

Apr 7, 2023 - 06:30
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Elon Musk Just Reversed Himself on Something Fundamental at Twitter

Musk’s move has had a knock on effect on a popular crypto currency

Elon Musk hasn’t owned Twitter for six months, but he’s already reworked it so much as to be hardly recognizable.

After thousands of layoffs, and stiffing creditors who claim they’re still owed money, Musk recently tried something different with a fundamental aspect of the company.

DON’T MISS: Musk’s move has had a knock on effect on a popular crypto currency

Musk’s reasons for making the change were never clear, though the potential to troll lots of people is surely one of them.

But for whatever reason, on April 3 Musk abruptly changed the Twitter logo from the familiar blue bird to the Dogecoin Shiba Inu dog icon.

Musk has repeatedly expressed support for the cryptocurrency, which was created as a joke before gaining a strong following.

The appearance of the Doge icon on Twitter instantly sent prices for the cryptocurrency higher, though it remained far below its all time high set in 2021.

The Dog Goes Away

But now, Musk has reversed himself and restored the familiar Blue Twitter bird logo on the micro-blogging website.

And sure enough, within moments of the change, Doge prices started falling.

All this comes as Musk faces a huge lawsuit claiming he manipulated Doge prices causing huge losses.

Lawyers for Musk recently urged a federal judge to throw out the $258 billion suit. "There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion," Musk's lawyers wrote in a court filling, Reuters reported.

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