Why is an emoji of a doge being used in place of Twitter's logo?

Why is an emoji of a doge being used in place of Twitter's logo?

Elon Musk has not revealed the cause for the logo change, while some people suspect that it was an April Fool's Day joke that the firm was unable to implement in time for the start of the month.

Why is an emoji of a doge being used in place of Twitter's logo?

Upon the appearance of the logo, the price of Dogecoin increased by 30%.  Dogecoin is a cryptocurrency based on a 2013 meme depicting a surprised-looking Shiba Inu.

Why is an emoji of a doge being used in place of Twitter's logo?

This was established by software developers Billy Markus and Jackson Palme to develop peer-to-peer digital money that could reach a larger population than Bitcoin.

Why is an emoji of a doge being used in place of Twitter's logo?

Investors charged Elon Musk, the world's second-richest man according to Forbes, with purposefully inflating the price of Dogecoin by more than 36,000% over two years before allowing it to fall. 

Why is an emoji of a doge being used in place of Twitter's logo?

They said that this resulted in billions of dollars of profit at the cost of other Dogecoin investors, despite Mr. Musk's knowledge that the currency lacked intrinsic value.

Why is an emoji of a doge being used in place of Twitter's logo?

According to the attorneys, the investors never indicated how Mr. Musk meant to deceive anybody or what dangers he hid, and his phrases like "Dogecoin Rulz" and "no highs, no lows, only Doge" were too ambiguous to serve as evidence of fraud.

Why is an emoji of a doge being used in place of Twitter's logo?

However, the attorneys denied the investors' assertion that Dogecoin met the criteria for becoming a security in a footnote. Also named as a defendant and requesting that the action be dismissed is the Dogecoin Foundation.

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